The USDA projects year to year declines in corn and soybean production.
In its first round of estimates for the new marketing year, corn production is seen at 14.040 billion bushels with an average yield of 174 bushels per acre, and beans are expected to total 4.280 billion bushels with an average yield of 48.5 bushels per acre, both slightly below 2017 following declines in planted area. Planting is ongoing and the numbers are highly tentative.
Continue reading Highlights from USDA’s May supply and demand report at Brownfield Ag News.
