Purdue: AgEcon: Programs & Publications: Prices

Prices & Outlook

2004 Estimated Yield and Production
Based Upon USDA Crop Report Ratings*

	Corn Yield/Ac.		Soybean Yield/Ac.
	U.S.	Indiana	US	Indiana
TREND Bu.	145.2	147.1	39.5	44.6
Record Yield	142.2	156	41.4	49
Record Year	2003	2001	1994	2001
Yield 2003	142.2	146	33.4	38

Weekly Crop Ratings Yield Estimates (Bu./Acre)
1-Jun-04	147.3	160.1
7-Jun-04	147.0	159.3
14-Jun-04	147.5	155.8	40.5	46.4
21-Jun-04	147.6	154.6	40.3	45.7
28-Jun-04	147.1	153.3	40.1	45.6
5-Jul-04	149.7	154.8	40.4	45.6
12-Jul-04	150.4	154.5	40.5	45.7
19-Jul-04	151.9	154.7	40.6	45.5
26-Jul-04	153.0	156.2	41.0	46.4
2-Aug-04	153.6	158.1	41.7	46.7
9-Aug-04	154.5	160.5	42.5	47.4
16-Aug-04	153.3	160.2	42.1	47.2
23-Aug-04	152.1	161.2	41.8	47.4
30-Aug-04	151.6	161.4	41.3	47.0
6-Sep-04	150.9	161.2	41.2	47.5
13-Sep-04	151.4	163.1	41.4	47.7
20-Sep-04	151.7	162.7	41.7	47.9
27-Sep-04	151.7	163.8	42.0	48.1

Aug. USDA	148.9	156.0	39.1	45.0
Sep. USDA	149.4	157	38.5	45.0

	Corn Production (Mill. Bu.)		Bean Production (Mill. Bu.)
	US	Indiana	US	Indiana
1-Jun-04	10,592	849
7-Jun-04	10,566	844
14-Jun-04	10,609	826	2,983	253
21-Jun-04	10,612	819	2,969	249
28-Jun-04	10,576	812	2,950	249
5-Jul-04	10,760	821	2,973	249
12-Jul-04	10,811	819	2,983	249
19-Jul-04	10,919	820	2,988	248
26-Jul-04	11,001	828	3,020	253
2-Aug-04	11,045	838	3,071	255
9-Aug-04	11,110	851	3,127	258
16-Aug-04	11,025	849	3,105	257
23-Aug-04	10,935	854	3,076	258
30-Aug-04	10,902	855	3,043	256
6-Sep-04	10,847	854	3,032	259
13-Sep-04	10,887	864	3,053	260
20-Sep-04	10,909	862	3,070	261
27-Sep-04	10,909	868	3,091	262
August USDA	10,923	827	2,877	244
September USDA	10,961	832	2,836	244.4

*Note: Margins of error are large. These are in the range of plus or minus 5% in June and plus or minus 4% in Aug. Errors for the final crop ratings in Sep still average about 2.5%. Thus you should not assume these estimates are correct, and thus do not take market positions based upon these numbers. hurtc@.purdue.edu

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July 4, 2008

The materials for the Outlook 2008 extension presentation that occured on 3-31-08 are available.

Considering becoming an Agricultural Economics student? Please visit our Future Student pages.

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