WASHINGTON — The Crop Production report issued on Aug. 11 by USDA’s National Agricultural Statistics Service forecasts corn production up from 2022 and soybean production down from last year.
Corn production is up 10 percent from last year, forecast at 15.1 billion bushels; soybean growers are expected to decrease their production 2 percent from 2022, forecast at 4.21 billion bushels.
Average corn yield is forecast at 175.1 bushels per acre, up 1.8 bushels from last year. NASS forecasts a record-high yield in Indiana. As of July 30, 55 percent of this year’s corn crop. . .
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