USDA's National Agriculture Statistics Service reported record corn and soybean production in its crop report Sept. 11, sending futures to new multi-year lows. But the government's Farm Service Agency published new data that hinted that acreage might be substantially lower than previous estimates.
What happened to the idea that "big crops get bigger"? Farm Futures market analyst Bryce Knorr takes a look at all the numbers, evaluating the likelihood for estimates to change.
For more on this story, check out Big USDA Corn Yields Tend To Grow, Sometimes.
Bryce Knorr, Senior Market Analyst, Farm Futures, first joined Farm Progress in 1987. In addition to analyzing and writing about the commodity markets, he is a former future introducing broker and is a registered Commodity Trading Advisor. He conducts Farm Futures exclusive surveys on acreage, production and management issues and is one of the analysts regularly contracted by business wire services before major USDA crop reports. Besides the Morning Market Review on FarmFutures.com, he writes weekly reviews for key commodities and crop inputs. A journalist with 38 years of experience, he received the Master Writers Award from the American Agricultural Editors Association.