NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Tue Aug 12, 2014 11:06 AM CDT

WASHINGTON (DTN) -- Farmers will grow record crops this year: 14 billion bushels of corn and 3.8 bb of soybeans, USDA forecast in its Crop Production report released on Tuesday.

The national average corn yield, at 167.4 bushels per acre, would be a new record despite being below the range of pre-report estimates. Soybean yields are expected to average 45.4 bpa, up slightly from USDA's estimate in July and, if realized, would be a record.

USDA made many changes to corn's supply and demand balance sheet for both old crop and new crop. The result is that ending stocks for ...

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