WASHINGTON (DTN) -- USDA increased its corn production estimate to 14.5 billion bushels and its soybean estimate to 3.9 bb in the latest Crop Production report. Both would be records.
The national average corn yield came in at 174.2 bushels per acre, up 2.5 bpa from USDA's September estimates. USDA pegged the national average soybean yield at 47.1 bpa, up .5 bpa.
Farmers will likely harvest 83.1 million acres of corn and 83.4 million acres of soybeans.
All of USDA's crop production figures came in close to the average pre-report estimate.
USDA also released its World Agricultural Supply and Demand ...