As harvest arrives, there is still a lot of questions on what yields will really be like. If you believe the USDA, then the national average yield on corn will be 169.9 bushels per acre and the national average yield on beans will be 49.9 bushels per acre. There is however, a lot of skepticism on those numbers by farmers and traders alike. The market will most likely wait to do anything drastic until they have a better grasp of true yields.
Corn has really started to turn the past week and a few combines have nosed out into it. Moisture has varied quite a bit ranging anywhere from 16% to 23%. Bean harvest has begun in the past few days around here also. The rain over the weekend helped to knock leaves off and even the green bottom leaves have started to dry and fall. Earlier numbers have had moisture content ranging from 12% to 14%. As always, if you have any grain storage or marketing needs, feel free to call us and discuss your options. Next week, weather permitting, there will most likely be combines in the fields, so be sure to be safe and have a happy harvest.