The USDA has raised its 2017 corn production outlook, while lowering the projection for soybeans.
Corn is currently estimated at 14.577 billion bushels, up 2% from October’s guess, but down 4% from the 2016 record of 14.148 billion. The average yield is seen at 175.4 bushels per acre, which would be a new all-time high, if realized. That compares to 171.8 bushels per acre a month ago and 174.6 a year ago.
Continue reading USDA increases corn crop guess, reduces soybean estimate at Brownfield Ag News.
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