OMAHA — USDA forecasts farmers will harvest 13.68 billion bushels of corn this fall with a national average yield of 166 bpa. That’s a 1.35 bb reduction from last month and the lowest since the 2015-16 crop year.
USDA on Tuesday released its June Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
“Unprecedented planting delays observed through early June are expected to prevent some plantings and reduce yield prospects,” the World Agricultural Supply and Demand Estimates report stated. USDA lowered its planted acreage forecast to 89.8 million acres, down from its March estimate of 92.8 ma. USDA will release its Acreage report on June 28 with estimates derived from survey data.
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