Record crops seen for U.S. corn, soybeans

15.08.2016

Average corn yield was forecast at a record 175.1 bushels an acre.
 
 The U.S. Department of Agriculture (USDA) in its Aug. 12 Crop Production report forecast 2016 U.S. corn production at a record 15.153 billion bushels, up 11% from 13.601 billion bushels in 2015 and compared with trade expectations that averaged 14.8 billion bushels. Average corn yield was forecast at a record 175.1 bushels an acre, up from 168.4 bushels in 2015.
 
Soybean production was forecast at a record 4.060 billion bushels, up 3% from 3.929 billion bushels in 2015 and compared with the average of trade expectations at 3.9 billion bushels. Average soybean yield was forecast at 48.9 bushels an acre, up from 48 bushels in 2015.
 
All wheat outturn in 2016 was forecast at 2.321 billion bushels, up 3% from 2.261 billion bushels forecast in July, up 13% from 2.052 billion bushels in 2015 and compared with trade expectations of 2.3 billion bushels.


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