How Will Delayed Planting Hurt State Yields In IL & IN And National Corn Production?
If USDA’s forecast for corn production is based on planted acreage and a trend line yield, could there be a better production forecast that considers the late planting in Illinois and Indiana? After all, 30% of the corn crop has been planted, or has yet to be planted, after May 20, and that raises significant concerns about the size of the 2009 US corn crop. And if you are making a decision about ACRE, that state yield will be an important statistic! USDA’s May 12th forecast was for a 12.09 billion bushel crop, based on a 155.4 bushel per acre average yield. Since that forecast was made, corn planted has been delayed in IL, IN, ND, and KY, while normal progress has been reported in MN, IA, and NE. Using actual April weather to project the yields, and factor in the planting delays, University of Illinois economists Scott Irwin and Darrel Good and meteorologist Mike Tannura believe sufficient evidence has been accumulated to make a more accurate prediction of the new crop’s real potentia
