The USDA is predicting good corn and soybean crops in South Dakota and essentially, good crops across the country. While last week’s storm may not directly impact South Dakota farmers, Stone X Group Inc., Chief Commodities Economist Arlan Suderman says it does impact the markets. “The biggest yield losses will be in Iowa and northern Illinois. How much those losses are will be directly impacted by how much gets harvested,” says Suderman. “There’s talk now about giving farmers greater freedom to make that decision whether or not they’ll take their expensive machines and run the debris through to harvest a lower quality, cheap corn.” That’s where the biggest unknowns are going to be on the final losses. “I’m estimating actual bushel losses between 200 and 400 million bushels; we could see bigger losses if the crop isn’t harvested.”
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