But What About Revenue Expectations?
Last week the USDA released the much anticipated corn and soybean yield estimates. Many were caught by surprise as the USDA estimated yields higher than the overall trade expectations. Corn and soybean futures tumbled in response. While attention has focused on the higher than anticipated yields and lower-trending price, little has been done to considered how the changes have impacted potential revenue.
This week’s post takes a look at the latest USDA yield estimates and how changes in yield and price estimates have impacted corn and soybean revenue expectations across the country.