WASHINGTON — USDA lowered the corn production forecast in its August crop report released Aug. 11 due to heat stress over much of the Corn Belt. Economists with the American Farm Bureau Federation continue to stress that tight supplies mean the U.S. needs every bushel of corn that farmers can produce this year.
“Analysts were expecting to see a drop in both average yield and production compared to the July report, but the yield and production numbers actually came out lower than what market watchers were anticipating,” said Todd Davis, AFBF crops economist. “This tells us we still have a. . .
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