date:Aug 15, 2013
big surprise but there was some thinking that the numbers might be reduced due to major planting delays in the NE Iowa-SE Minnesota- SW Wisconsin area.
USDA forecast the corn yield at 154.4 bushels per acre. That is 2.1 bushels lower than the July estimate and 3.3 bushels lower than the average pre-report estimate. In fact, it is just barely larger than the low end of the pre-report estimate range.
The lower yield put total corn production at a record-large 13.763 billion bushels, down 187 mi