Corn Growers on Track for Record Production Year

Corn is on track to hit a record 14.0 billion bushels this crop year based on the USDA Crop Production report. Despite the 2 percent decrease in acreage planted this season, production forecasts remained high due to high forecasted yields. This season’s yields are expected to average 160.4 bushels per acre, with corn growers in 18 states expected to reach record yields this year. Soybeans followed suit with a 1 percent decrease in acreage planted, but favorable weather conditions accounted for higher pod counts when compare to 2012. Soybean yields are expected to average 43.0 bushels per acre. If reached, it will be the third largest production year on record. Read the crop report.