A USDA Crop Production report released this week forecasts corn production at 14.4 billion bushels, up 3 percent from the August forecast. September yields are expected to average 171.7 bushels per acre, up 4.3 bushes from August. If realized, this will be the highest yield and production on record for the United States. Soybeanproduction is forecast at a record 3.91 billion bushels, up 3 percent from August and up 19 percent from last year. Based on September 1 conditions, yields are expected to average a record high 46.6 bushels per acre, up 1.2 bushels from last month and up 3.3 bushels from last year. Read the entire crop production report.
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