Economist expects 20% or greater yield loss after weekend freeze

Economist expects 20% or greater yield loss after weekend freeze

A University of Illinois economist says the weekend Midwest freeze and the blizzard in the Dakotas might bring more recovery to the corn market. Scott Irwin tells Brownfield, “From a market standpoint, I like holding pat for now because, I’m thinking, you know, my estimates suggest that this may have knocked back U.S. corn production about a quarter of a billion bushels, and I think that’s probably close to the minimum damage.”

Irwin says farmers who can hold their corn probably should for now. 

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