The market just continues to get tossed around based on acreage, yield and carry out numbers from Stats Can and the USDA. Today it was the USDA’s turn as they broke the news that they have revised their corn yield estimates down to 155 bu per acre from 160 bu per acre. It has been described in many circles as a shock to the market. Let the volatility continue I guess.
In this weeks episode of the Wheat School, I discuss the USDA revision with Dana Omland from Palmerston Grain. Dana talks about the affect that this report may have on the wheat markets as corn rallies.
If you cannot see the video below, click here