This year’s corn harvest is shaping up to set records. Based on conditions as of Aug. 1, corn yields are forecast to average 152.8 bushels per acre, according to last Friday’s “Crop Production” report. If realized, it would be the second-largest yield on record, trailing the 160.4-bushel yield achieved in 2004. Total production is projected to be the largest on record — estimated at 13.1 billion bushels.
However, the predictions for soybeans were not as promising. Production is forecast at just 2.63 billion bushels, down 18 percent from last year’s record high. Based on conditions as of Aug. 1, yields are expected to average 41.5 bushels per acre, also down from last year.
To read the report, go to: http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1046