Tidbits, S&D, Yield & Production Estimates, Urea, Brazil & China, Unemployment 8/9/26
- Wright team
- Aug 9
- 5 min read
S&D
The USDA will issue its August S&D on Wednesday. This is the first 2026 crop production report in which yields will not be accounting estimates based upon unknown assumptions. While the yield numbers will not be based on field survey results, the yield numbers will be based on survey reports from approximately 15,000 farmers across the country of their individual crop conditions, expectations, and projected yields based on what they see in their fields at the beginning of August. Satellite Imagery and Remote Sensing will also be used, including tools like the Vegetation Health Index (VHI) and automated crop condition assessments. These three-dimensional data maps evaluate crop canopy greenness, moisture levels, and overall plant health to cross-reference the farmer-reported data. Lastly, the latest FSA acreage certification data will be included.
Jason Britt, President of Central State Commodities, pointed out:
“Thing that stands out to me between last year and this year is that there was absolutely no stress drought wise across the majority of the Midwest last year. That has definitely not been the case this year.”
It appears that disease has not been nearly as severe this year as it was last year for corn.
We expect the USDA will increase corn acreage, decrease bean acreage less than the corn acreage increase, increase corn yields a bushel or so, leave bean yields unchanged, decrease wheat production mostly with lower yields and same increase in abandoned acres. Keep in mind, we are using 45.42 million bushels of corn every day. One bushel increase in yield on the projected harvested corn acreage equals enough corn to meet the needs for 1.92 days.
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