@kannbwx

July 12: ICE November #canola futures surged $45/tonne to a new contract high of $889 as hot and dry weather persists in #Canada, the top producer and exporter of the oilseed. That is well above any point in previous years and is 86% higher than a year ago.

@kannbwx

I posted this a few years ago (before 2018 since I had to add 210 for IL!) showing when U.S. #corn yield first hit various levels.  USDA's recent long-term projections have shown U.S. trend yield reaching 180 in 2021 or 2022, but official 2021 trend was set at 179.5 bu/acre.

@kannbwx

Interesting to see some pivotal harvests in there where yield jumped 2 levels (1994, 2004, 2005, 2014). The idea of U.S. yield continuing to grow at this rate into the 180s and 190s does cause some debate. Does technology, shifting in acres, etc allow for such a move?

@kannbwx

I haven't updated this since 2018, but you can see the various eras in U.S. #corn production. The original table shows Iowa and Illinois hanging out at 40 bpa from around 1870 to 1939, when yield finally broke 50. I think this chart might explain why.

metmike: We've been told over the last 30 years that climate change was going to seriously hurt crop production/yields............even as the planet continues to green up and yields soar higher.

@kannbwx

And by the way, USDA projected 2021/22 U.S. corn yield at 180.5 back in Oct 2020 when the 2020 yield was still seen at 178.4. When that eventually came down, so did the trend projection.

@kannbwx

Taking #corn yields global, these are the expected and record yields in various top producers. #China first broke 100 bu/acre in 2019 (USA first did that in 1978). #Brazil has yet to break 100 and #Argentina's record is seven years old now.