A top agricultural scientist at a US university is predicting that US will see below trend line yields for the 4th straight year in 2013, the CME reported. The report stated that he expects yields to fall to near 147 bushels per acre vs. a trend yield of 160. The report cited that corn yield will continue to see the effects of last year's drought and 16 inches of precipitation will be needed between October and May to recharge soil moisture levels. Normally it takes close to 12 inches.
"It's looking likely that we will have a fourth year of below-trend U.S. corn yields. But not as bad as in 2012, but still below trend," Elwynn Taylor, Iowa State University climatologist, told Reuters Ag Forum, an on-line chatroom.
As seen on MarketWatchOnline.com
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