As said every year at this time when we take a very preliminary look at the corn outlook for the coming marketing year, it will be all about yield. The U.S. corn farmer has enjoyed four consecutive years of incredibly good yields, but we tend to lose sight of that and automatically plug in another record or near-record yield for the coming year. The national average was 174.6 bushels/acre in 2016, 176.6 bushels/acre in 2017 and 178.9 bushels/acre in 2018 (see table below), but it was 123 bushels/acre just six years ago (2012)! That is a whopping 50-55 bushels/acre below the past four years, which is the equivalent of 4 billion bushels of production. The point is that the 2019 U.S. corn yield is critical to the final ending supply number. Wh...

TAGS – Feed Grains, Biofuels, China, North America, South America