- In its final production report of the U.S. growing season, Indigo is forecasting 178.2 bushels per acre for corn and 49.4 bushels per acre for soybeans
- In 2020, Indigo’s model consistently led the WASDE forecasts, ending within 2.4 bushels per acre and 1.3 bushels per acre of the USDA’s corn and soybean positions, respectively
November 10, 2020. Today, Indigo released its final report of the 2020 U.S. growing season, revealing only slight downward revisions in both corn and soybean yield projections. These estimates are 2.4 bushels per acre above and 1.3 bushels per acre below the USDA’s November estimates, released today in the agency’s World Agricultural Supply and Demand Estimates (WASDE) report. Farmers have seen the third highest year for corn production and the fourth highest year on record for soybeans even after dry and hot weather brought down crop health indicators in the season’s home stretch.
Access the report above for additional analysis on Indigo’s yield models, which have been a strong indicator for USDA’s forecast movements, and expectations for end-of-year stocks, which are being priced tighter by market participants due in part to strong export demand and smaller production estimates. Plus, discover the key insights from Indigo’s 18 reports in 2020.
Looking for a breakdown of how to read the report, and how Indigo generates its yield forecasts? Tune in for the below webinar.
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