date:Nov 13, 2012
lightly to 122.3 bushels per acre. While a bit higher than the average of prereport estimates, the new yield figure was in no way a shock.
USDA once again left planted and harvested acre estimates alone and thus the lower yield drove USDAs estimate of the 2012 crop slightly higher, to 10.726 billion bushels versus 10.629 billion last month. It should be noted that acres cut for silage and fodder a relatively widespread practice this year are considered harvested acres. Given that, USDAs lack