According to the USDA's Annual Crop Production Summary, corn for grain production is estimated at 12.4 billion bushels, up slightly from the November 1 forecast but 1 percent below 2010.

The average yield in the United States for 2011 is estimated at 147.2 bushels per acre. This is up 0.5 bushel from the November forecast but 5.6 bushels below the 2010 average yield of 152.8 bushels. Area harvested for grain is estimated at 84.0 million acres, up slightly from the November forecast and up 3 percent from 2010.