Grain market analysts say they were surprised USDA raised the size of the 2023 U.S. corn crop with yields increasing almost 2.5 bushels an acre.
Richard Brock with Brock Associates says “in more than 45 years in the business, I don’t think I’ve ever seen a change in the January crop report.”
USDA says the average yield for U.S. corn was a record at 177.3 bushels an acre. Large increases in yield were noted in few states including Kentucky, Arkansas and Indiana while there were slight increases in other states, like Iowa.
