Farmers May Produce Third Largest Corn Crop in History

U.S. farmers may produce the third largest corn crop in history, based on the latest USDA crop production report released today. Corn production is forecast at 12.9 billion bushels, up 4 percent from last year. Conditions as of Aug. 1 show corn yields are expected to average 153.0 bushels per acre, up 0.2 bushels from 2010. The summer heat and dry conditions across the country has hindered soybeans, cotton and all wheat production. Read the report.