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Michigan August 1 Crop Forecast

Michigan growers believe that they will have higher yields for both corn and soybeans compared to 2014, as well as a record wheat yield, according to the USDA, NASS, Great Lakes Regional Office. This report is based on current conditions, as of August 1, 2 015. Some highlights of the Crop Production Report follow:

  • Michigan corn producers expect a yield of 165 bushels per acre, up 4 bushels from the previous year. Production is projected to decrease, though, due to fewer acres harvested.
  • Soybean production in the State is expected to total 96.1 million bushels, up from a year earlier. The yield is forecast at 46 bushels per acre, a 3 bushel increase from 2014.
  • Sugarbeet growers estimate a yield of 30.0 tons per acre, up 0.7 tons from last year. 
  • Winter wheat production in Michigan is expected to total 40.0 million bushels. The yield is forecast at 80 bushels, which would be a state record.
  • Producers of dry beans are expecting their crop to yield 1,900 pounds per acre, down 40 pounds from last year. Production is expected to decline slightly from 2014.

Source:usda.gov


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USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.