2019 Soybean Yield Compared to 2018 - 10/31/19 (Poll Results)

Analysis from FBN Economist, Walter Kunisch.

"Late cycle weather challenges during October delivered a final blow which continued to suppress both state and national yield objectives.

The FBN member driven poll of 45.5BPA is below FBN's latest quantitative driven yield prediction estimate of 47.4BPA. We believe that part of the disconnect between the member driven poll and the FBN yield estimate can be attributed to the limitations of satellite imagery that results from the snow and damage inflicted from snow. This is particularly true in ND, MN and SD where snow made yield estimates challenging.

In conclusion, the FBN member driven soybean yield poll points to a scenario that we would believe could not only be supportive local basis but also, if realized, supportive listed CME futures prices.

We look forward to further analysis between the FBN member poll and the USDA's state level yield assumptions on the Nov. 8 WASDE report."

Click the image to see the results!