The USDA production forecasts are based on conditions on October 1 and assume normal weather for the rest of the growing season. USDA Chief Economist Rob Johansson says the impact of this round of bad weather will be found in the November report. “The yield numbers we’re talking about would not reflect the snow and cold weather we’re seeing affecting the Dakotas and even down to Nebraska, Kansas and into Texas and over to parts of Minnesota and Iowa.”
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