Allendale, Inc. releases results of the 34th annual Nationwide Producer Yield Survey:
US Producers Report Lower Yields for Corn and Soybeans
CHICAGO, IL. (September 6, 2023) – Allendale, Inc. a Chicago area agricultural commodity brokerage and analysis firm projected the US corn crop at 14.805 billion bushels and a soybean crop of 4.100 billion bushels.
The 34th annual Nationwide Producer Yield Survey was conducted from August 21 – September 1. The surveys were conducted directly by our brokers as well as via our website and social media platforms.
These estimates were based on producer calculated yields in 25 states. Ample surveys gave us the numbers needed to project yields in 12 states. This covers 86% of corn production and 82% of soybean production. For this survey, the smaller states were assumed using USDA’s August 11 estimates. Harvested acres were assumed using USDA’s August 11 estimates.
For questions and comments on the survey, please contact Rich Nelson, Chief Strategist at 800-262-7538 or email@example.com.