Allendale

Allendale’s 35th annual nationwide producer yield survey was right in the ballpark with the U.S. Department of Agriculture’s estimates.

A producer-based survey across the nation’s primary corn and soybean states estimates yields below the August U.S. Department of Agriculture projections.

A producer-based survey found less corn and soybean bushels in the “I” states and lower nationwide yield averages. Allendale Inc. projected U.S. corn to average 172.39 bushels per acre and a soybean average of 50.86 bushels per acre.

A nationwide producer-based acreage survey found the potential for slightly more cushion on the corn, soybean and wheat supply sides.

The Russian invasion of Ukraine was and is the major story around the globe. For farmers and grain markets, the Feb. 24 invasion adds uncertainty and volatility to global grain markets already roiled by weather issues and worries over fertilizer prices and supplies.

A nationwide producer-based survey found a few more bushels than what was projected by the U.S. Department of Agriculture last month.