Will the August 1 crop yield predictions hold up?
Illinois corn and soybean yields in 2018 were predicted in the August 1 NASS report (released on August 10) to be 205 and 65 bushels per acre, respectively, both an all-time record for this great state. Corn yields in the U.S. were predicted at 178.4 bushels per acre, a new all-time high, and for U.S. soybean the August 1 prediction was 51.6 bushels, which is very slightly below the 2016 U.S. yield.
Trying to guess which way and how far the yield numbers will move from predicted levels is a popular pastime,…