[fullwidth background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”0″ padding_right=”0″ hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][title size=”1″ content_align=”left” style_type=”underline solid” sep_color=”#000000″ margin_top=”” margin_bottom=”” class=”” id=””]USDA trims US corn yield and production estimates[/title][fusion_text]Friday, September 11th 2015
USDA on Friday trimmed its yield and production estimates for the U.S. corn crop, which is still expected to be the third-biggest on record. The department is now projecting a national yield of 167.5 bushels per acre, down from 168.8 bushels predicted in August and lower than last year’s record yield of 171 bushels per acre. Farmers will harvest 13.585 billion bushels this fall, compared with the August forecast of 13.686 billion bushels and the record 2014 crop of 14.216 billion bushels, USDA said in its monthly report on World Agriculture and Supply and Demand Estimates (WASDE). The market was expecting slight reductions, following reports of disappointing yields in some of the southern producing states. A Reuters survey of traders had the average yield coming in at 167.7 bushels per acre, and production at 13.599 billion bushels. In a MarketSense blog post before the report, Arlan Suderman, senior market analyst for Water Street Solution, said yields were coming in at 10 percent to 30 percent below year-ago levels, with some of the worst corn yet to be harvested.
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