IOWALIVE'S JUNE CORN FORECAST WITHIN 7% OF USDA's AUGUST FORECAST

8-10-17

Greetings, Selected Members of IA Legislature Agriculture Committees and all—

The following table shows Iowalive’s June forecasts were within 7% of USDA’s August forecasts, and both are near record yield levels, which is good news for Iowa farmers and others.  As noted in the table,  Iowalive expects the yield forecasts to converge as USDA updates their forecasts in the upcoming months. 

USDA’s & IOWALIVE’S  CORN AND SOYBEAN YIELD  FORECASTS ARE IN CLOSE AGREEMENT

IOWALIVE'S 6-12-17 FORECASTS ARE WITHIN 7% OF USDA's  8-10-17 FORECASTS.  IOWALIVE EXPECTS THEM TO CONVERGE.  2017 YIELDS WILL BE NEAR RECORD LEVELS!!   USDA WILL UPDATE ITS FORECASTS.  IOWALIVE WON'T.     Source:  Iowalive  8-10-17

CORN AND SOYBEAN TOTAL YIELD FORECASTS ARE FOR ALL OF IOWA.

USDA FORECAST DATE COMPARED TO IOWALIVE'S 6-12-17 FORECAST

USDA CORN Billion Bu

IOWALIVE CORN Billion Bu

%  IOWALIVE DIFFERENCE

USDA SOYBEANS Million Bu

IOWALIVE SOYBEANS Million Bu

%  IOWALIVE DIFFERENCE

8/10/17

2.46

2.64

7%

557

539

-3%

http://www.iowalive.net/

http://www.iowalive.net/iacropyieldforecasts2017.htm

Sincerely,

Iowalive     A growing network of volunteer citizens and professionals for improving Iowa