STEVE KELL: Don’t confuse harvest speed with crop size

Steve Kell’sMarket MinuteOne of the things which Ontario grain farmers are going to remember about the 2022 harvest for many years is just how fast this year’s harvest went. Currently, the United States Department of Agriculture is forecasting an average 2022 corn yield of 172.3 bushels per acre. It’s a small reduction from 2021’s 177.6 bushel average yield, but still above 2020’s 171.4 bushel per acre average yield. One interesting thing about the USDA is that they will continue to adjust 2022’s crop yields and crop production estimates until their September 2023 report. In both the winter and early spring of 2021 and 2022, grain prices moved up sharply between January and April.