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AgProfessional Magazine

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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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Market Commentary

Morning Comments 05/23


Internet problems delayed early Doane comments. The weekly USDA Export Sales report seemed supportive of corn futures. The old crop result, at 104,500 tonnes came in at the lower end of expectations, but the new crop figure, at 341,600 tonnes topped all published forecasts. However, the market seemed to suffer a reaction to its big Wednesday surge. July corn slipped 5.0 cents to $6.535/bushel early Thursday morning, while December slid 5.0 cents to $5.255.
Market Info
Home > Resource Centers > Corn > Crop Production: Corn forecast drops 13% from 2011

Crop Production: Corn forecast drops 13% from 2011

USDA  |   September 12, 2012
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In its monthly Crop Production report, the USDA said that corn production is forecast at 10.7 billion bushels, down less than 1 percent from the August forecast and down 13 percent from 2011. This represents the lowest production in the United States since 2006. Based on conditions as of September 1, yields are expected to average 122.8 bushels per acre, down 0.6 bushel from the August forecast and 24.4 bushels below the 2011 average.

If realized, this will be the lowest average yield since 1995. Area harvested for grain is forecast at 87.4 million acres, unchanged from the August forecast but up 4 percent from 2011.

The corn World Agricultural Supply and Demand Estimates (WASDE) report can be read here.

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