USDA WASDE Report Shows Eighth Largest Corn Crop On Record

(The following is brought to us by CATCH THE BUZZ (Kim Flottum) Bee Culture, The Magazine of American Beekeeping, published by A.I. Root Company.) 

(September 12, 2012) Washington - This morning’s USDA September WASDE and Crop Production reports confirmed that farmers are likely to harvest the eighth-largest corn crop on record this fall, despite enduring the worst drought conditions in more than 50 years. This morning’s reports projected an average corn yield of 122.8 bushels per acre (bpa), above analysts’ pre-report expectation of 120.5 bpa. The projected total crop size of 10.73 billion bushels (bbu.) also came in above the average expectation of 10.4 bbu. and is down less than 0.5% from the August estimate. Total supply for 2012/13 is estimated at 11.98 bbu., up slightly from the August estimate due to an...

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