The first USDA reports released in nearly two months are still forecasting a record U.S. corn crop and record U.S. rice yields. USDA’s Oct. 11 World Agricultural Supply and Demand Estimates and Crop Production reports were cancelled during the 16 day government shutdown.
The Nov. 8 reports estimated U.S. corn production at a record 13.989 billion bushels, 146 million bushels higher than the September report. A 1.9-million-acre reduction in harvested area was more than offset by a 5.1-bushel-per-acre increase in forecast yield.
At 160.4 bushels per acre, the national average yield remains 4.3 bushels per acre below the record of 2009-10.
Despite a late-planted crop and July and August dryness across much of the Corn Belt, cooler-than-normal summer temperatures and an extended growing season have supported higher-than-expected yields for most producers.
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