WASHINGTON — Due to a hot, dry summer over much of the Corn Belt, farmers were expecting USDA to show a big drop in its estimate for the nation’s corn crop in its September Crop Production report, and that’s just what happened, said the American Farm Bureau Federation.
In its latest forecast, USDA pegged the U.S. corn crop at just shy of 12.5 billion bushels, down 3 percent from its August estimate. USDA is estimating yields to average 148.1 bushels per acre, down 4.9 bushels from its August projection. If realized, this would be the. . .
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