August 9, 2019
AccuWeather’s latest 2019 crop production analysis predicts a significant decline from last year’s corn and soybean yield, as well as a noticeable variation from the July USDA estimates.
AccuWeather analysts predict the 2019 corn yield will be 13.07 billon bushels, a decline of a 9.3% from 2018 and 5.8% lower than the latest USDA figures. It would be the lowest yield since 2012, a year of a significant drought that saw final corn production numbers plummet to 10.76 billion bushels.
AccuWeather analysts are also concerned that late-planted corn either won’t yield well or could be affected more so this year by on-time frost.
As for the projected soybean yield, 3.9 billion bushels reflects an even greater decline from 2018’s final soybean production numbers. It would be a 14.1% drop-off from the final figure of 4.54 billion bushels and the lowest yield since 2013 (3.36 billion bushels).
“The upcoming weather is still very important for both crops,” AccuWeather Senior Meteorologist Jason Nicholls said. “We’re not forecasting horrible weather but there have been some problem areas in a small but important part of the U.S. Corn Belt, including Iowa, Illinois and Indiana."
The USDA will release its monthly World Agricultural Supply and Demand Estimates on Monday, Aug. 12.
Source: AccuWeather, which is solely responsible for the information provided and is wholly owned by the source. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.
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