Corn Crop Pegged Down 3 Percent in September Crop Report
Washington--Corn production is forecast at 12.5 billion bushels, down 3 percent from the August forecast but up fractionally from 2010, according to the Agriculture Department’s September Crop Production report released today.
If realized, this will be the third-largest production total on record for the United States. Based on conditions as of Sept. 1, yields are expected to average 148.1 bushels per acre, down 4.9 bushels from the Aug. 1 forecast and 4.7 bushels from 2010. If realized, this will be the lowest average yield in the United States since 2005.