In the February 2010 Iowa Farm Outlook Newsletter, Chad Hart, Iowa State University Grain Marketing Specialist reported that grain markets were still being pressured lower by the U.S.D.A. January Crop Report.  “With significant delays in harvest this crop year, USDA will be re-examining its yield and production estimates for 2009 in March.  The January Crop Report was produced in late November and early December when several states still had sizable area of corn and soybean production unharvested.  USDA included the expected production from this unharvested area in the January estimates.  U.S.D.A. will follow up with those producers who reported unharvested production to see if the January estimates need to be updated.  If they do, USDA will release the update in mid- March.  For more details on the Iowa Farm Outlook Newsletter, read more.

Source: Iowa State University, Iowa Farm Outlook Newsletter, February 2010