St. Louis, Missouri
October 12, 2007
Source: U.S. National Corn Growers
Association (NCGA)
The U.S. Department of Agriculture (USDA) again raised its
estimate for this year’s corn crop, said the National Corn
Growers Association.
In its crop production and
supply and demand estimates released this morning, USDA
forecasts corn production at 13.318 billion bushels, 10 million
bushels more than last month’s estimates. The average yield is
now projected to be 154.7 bushels per acre, the second best on
record.
Total U.S. corn supplies are
projected to be a record 14.6 billion bushels. USDA estimates
that during the 2007-2008 market year, 3.2 billion bushels of
corn will be used for ethanol and 2.35 billion bushels will be
exported.
- Current USDA
World
agricultural supply and demand estimates.
- Current USDA
Crop production report. |
