In recent years, U.S. corn planted acreage has trended higher but yields have trended lower.
The impact on production from declining yields has more than offset the rise in planted area as total domestic output has declined three years in a row since record production was established in 2009.
This is the first time that total production has declined for three successive seasons since 1986-88. With planted area up close to 8 million acres since 2009, the three consecutive years of lower yields is responsible for the decline in total bushels.
This three year ...