Posted on 09/11/2012 6:39:12 AM PDT by blam
Huh? 2007 thru 2011 has seen the biggest corn crops in the US EVER!
I guess again we are talking yield versus volume. My research shows only 1 above trendline yield in the past 5. That was in 2009. ‘08 was trendline and 10, 11, 12 are below trendline. Yes acres are going up and volume was stable, but volume will be low now. When I say big crop, that means above trend yield plus big acres. If we had 100 million acres next year and a trendline yield, which would be in 165 to 170 range, that would be about 17 billion bushel, or a BIG crop. To sum up, you know what Mark Twain said about statistics.
mmm...
The only thing that matters to prices is volume.
Overall yield suffers when millions of acres of marginal land is put in corn production. No surprise there.
The heart of the Corn Belt has never seen higher yields than the last few years. This year is a big exception.
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