Will the Soybean Market Adjust 2024 Acres in Time?

By Chip Flory

Ag Web

Last month, I advised anticipating a record (not trend line, but a record) 2024 national average corn yield in your marketing strategy. Then, in USDA’s annual production summary, the national average corn yield increased 2.4 bu. per acre from November to a record 177.3 bu. per acre. To get to that number, USDA took 583,000 of the worst-yielding acres out of the harvested acreage tally.

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