The 2023 DTN Digital Yield Tour, powered by Gro Intelligence, finds a corn crop that's rebounded so remarkably from an early season drought that it could flirt with a new national average record. A healthy soybean yield estimate has potential for improvement if the weather forecast comes true.
Now in its sixth year, the DTN Digital Yield Tour takes an in-depth look at how this year's corn and soybean crops are progressing using Gro's daily yield models, which are generated with satellite imagery, rainfall data, temperature maps and other data. The tour begins with a look at the national yield estimates before examining 10 key states in detail throughout the week.
On Monday, Aug. 7, Gro's corn yield model forecast a 177-bushel-per-acre (bpa) national average corn yield. If realized, it would steal the record from 2021's 176.7 bpa national average.
The soybean forecast is 51 bpa, just shy of USDA's July estimate of 52 bpa. The National Agricultural Statistics Service releases its first survey-based yield forecast of the season Friday.
"I'm still a little stunned by how strong the yield estimates have rebounded from the poor early conditions seen in late June, but I have also witnessed a lot of areas in the Western Corn Belt where crops do look very good after a tough start," DTN Lead Analyst Todd Hultman said.
"For corn, it appears the market has already thrown in the towel on accepting a big crop, and now, with more rain in this week's forecast, I expect new-crop prices to start sliding down the path to harvest lows,"
Source: iowacorn.org
Photo Credit: istock-fotokostic
Categories: Iowa, Crops, Corn, Soybeans