WASHINGTON — After much anticipation and speculation, the USDA’s June WASDE report adjusted 2019 corn acreage and yields lower after a slow, wet spring. This is likely the first of many production adjustments to take place of the summer. We’ve observed a wild range of estimates and speculation about where the prevented planting giant will end up. Rather than pile-on with more estimates, we figured it would be valuable to step back and consider what is known.
–Agricutural Economic Insights