The USDA crop production estimates are all within trade expectations. Corn production is forecast at 15.2 billion bushels, up from 15.1 billion in the September report. Corn is predicted to average 183.8 bushels per acre, up two-tenths of a bushel from last month. Soybean production is estimated at 4.6 billion bushels, up marginally from September. Soybean yields are expected to average 53.1 bushels per acre, which is in line with last month.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.