NEWS
USDA's New Crop Outlook
Katie Micik DTN Markets Editor
Fri Feb 22, 2013 03:21 PM CST

WASHINGTON (DTN) -- USDA projects record corn production in 2013, estimating farmers will grow 14.53 billion bushels using a planted acreage estimate of 96.5 million acres and a 163.6 bushel per acre yield estimate. The average price in 2014 is expected to be $4.80 per bushel.

USDA released its first grains and oilseeds outlook for the new crop at USDA's Agricultural Outlook Forum on Friday.

Soybean production was pegged at 3.405 billion bushels. USDA anticipates farmers will plant 77.5 million acres to beans, slightly higher than last year as cotton plantings decline and double-cropping opportunities increase in states growing soft ...

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