The U.S. average corn yield was below trend value in both 2010 and 2011. Market sentiment seems to be that such a pattern reduces the odds of a below-trend average yield in 2012. That sentiment raises the interesting issue of what, if anything can be learned from the historical pattern of U.S. average corn yields that would be useful in anticipating yields in any particular year? Here we examine the pattern of yields from 1960 through 2011.
Continue reading at: The Historic Pattern of U.S Corn Yields, Any Implications for 2012?