Resurveyed crops to be in USDA report
Last season’s corn and soybean crop will be included in the USDA’s report out next Tuesday. USDA Outlook Board Chairman Mark Jekanowski says, “If you’ll remember, there was a lot of crop that wasn’t harvested by the end of the year. Especially up in North Dakota, South Dakota, Minnesota, Wisconsin, a little bit in Michigan as well. So, NASS is resurveying a lot of those areas to get a better handle on how much crop was harvested from the 2019 year.”
Jekanowski says he doesn’t expect big changes in production numbers but they’re important because they could affect ending stocks for 2019 and beginning supply numbers for 2020.
The first 2020 production estimates for wheat will also be reported Tuesday (11 am Central/ Noon Eastern).