Corn Yield Shock Splits the USDA and Pro Farmer Tour
StoneXCorn yield estimates from the U.S. Department of Agriculture and Pro Farmer sit 7.5 bushels apart, and futures are trading the tour number. Lane Dungan, RJO Futures Market Strategist, breaks down where the two surveys diverge and what the market is doing about it. The Pro Farmer Crop Tour landed well below the August WASDE corn yield, the widest gap yet between the two, and the grain complex has rallied since. Weekly good-to-excellent ratings slipped for soybeans while corn held steady, feeding the case that domestic production is deteriorating. Since 2014 the U.S. Department of Agriculture has revised toward Pro Farmer in all but two years, putting unusual weight on the September WASDE. Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_lane_dungan&utm_content=share 00:00 - Corn Yield Numbers Collide 00:26 - USDA and Pro Farmer Split 01:50 - Futures Trade the Tour Number 02:50 - Crop Ratings Start Slipping 03:24 - Since 2014 the USDA Bends 04:09 - September WASDE Holds the Ball Like and subscribe for more financial market insights. #Corn #StoneX #LaneDungan #Soybeans