New Crop Report: Corn Production Down From September ForecastThursday, October 11, 2012
(American Meat Institute)
U.S. corn production is forecast at 10.7
billion bushels, down slightly from the
September forecast and down 13 percent from
2011 according to a new USDSA crop report out
today. The decline represents the
lowest production in the United States since
USDA announced that based on October 1 conditions, yields are expected to average 122.0 bushels per acre, down 0.8 bushel from the September forecast and 25.2 bushels below the 2011 average. If realized, this will be the lowest average yield since 1995.
Soybean production is forecast at 2.86 billion bushels, up 9 percent from September but down 8 percent from last year. Based on October 1 conditions, yields are expected to average 37.8 bushels per acre, up 2.5 bushels from last month but down 4.1 bushels from last year.
To read the complete report, click here: http://usda01.library.cornell.edu/usda/current/CropProd/CropProd-10-11-2012.txtshare on facebook share on twitter