In the July WASDE report, the USDA kept the U.S. corn and soybean yields in-line with the June report. The U.S. corn yield is forecast at 179.5 bushels per acre and the soybean yield remains at 50.8 bushels per acre. The dry conditions across much of the U.S. corn growing area in June wasn’t enough to make a change. The all-wheat yield is forecast at 45.8 bushels per acre, down nearly five bushels from last month.
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