USDA increases corn, soybean crop projections

USDA increases corn, soybean crop projections

USDA increases corn, soybean crop projections

The USDA has raised its 2021 U.S. corn and soybean production estimates.

Corn is now projected at 14.996 billion bushels, up 2% from August, with an average yield of 176.3 bushels per acre, 1.7 more than the last guess, and increases for both planted and harvested area. Planted area was reported at 93.304 million acres, with harvested area at 85.085 million acres. In 2020, production was 14.183 billion bushels, with an average yield of 172 bushels per acre and harvested area of 82.467 million acres.