If USDA projections are correct, then farmers in the U.S. will harvest record-large corn and soybean crops this fall.
Last week, USDA forecasted corn production at 13.4 billion bu. and soybean production at 3.43 billion bu., both 2% more than the record set in 2009. Based on conditions as of Aug. 1, corn yields are expected to average a record-high 165 bu./acre, up 0.3 bu./acre from the previous record set last year. Soybean yields are expected to equal last year’s record of 44 bu./acre....More