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USDA's first yield estimates of the 2023 growing season came in lower than the DTN Digital Yield Tour on corn, but just about even on soybeans. We share state-by-state details as well as key takeaways.
Flooding in China's rice fields is expected to result in lower yields that will then drive global prices up and affect food security in rice importing countries.
The 2023 DTN Digital Yield Tour sees larger corn and soybean crops than last year despite a challenging start to the season. As of Aug. 7, Gro Intelligence's yield models estimate the national average corn yield at 177 bushels per acre and soybean yield at 51 bpa.
Global food prices ticked up last month after Russia pulled out of a deal to allow the safe passage of ships carrying grain from Ukrainian ports.
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