National Ag News

The USDA has lowered its 2017 production outlook for corn from July, while raising the estimate for soybeans. This is the first set of field based production numbers of the year, with widely varied weather during the course of the growing season.

As of August 1st, this year’s corn crop is expected to be 14.153 billion bushels with an average yield of 169.5 bushels per acre, down from both last month’s projections of 14.255 billion with an average yield of 170.7 and the 2016 totals of 15.148 billion bushels with an average yield of 174.6 bushels per acre, but potentially the third largest crop and yield on record and more than what many analysts were expecting.

Continue reading USDA increases soybean crop estimate, reduces corn at Brownfield Ag News.