USDA raises corn, soybean crop outlooks

USDA raises corn, soybean crop outlooks

USDA raises corn, soybean crop outlooks

The USDA has increased its expectations for this year’s corn and soybean crops.

Corn production is projected at 15.019 billion bushels with an average yield of 176.5 bushels per acre and new crop ending stocks of 1.5 billion bushels, all larger than expected and above the September estimates. Harvested area was unchanged at 85.085 million acres. In 2020, corn production was 14.111 billion bushels with an average yield of 171.4 bushels per acre and harvested area of 82.313 million acres.