Corn Yield Crushes Expectations
The USDA stunned markets with its August WASDE report, projecting a record U.S. corn yield of 188.8 bushels per acre—up 7.8 bu. from July and 9.5 bu. from 2024. Total production is forecast at 16.7 billion bushels, a billion more than last month. Major corn states like Iowa and Illinois posted record yields, with Iowa reaching 222 bu. The USDA also increased harvested acres, pushing ending stocks above 2 billion bushels. While corn supply surged, soybean carryout declined, offering mixed signals for markets. Analysts say the widespread yield boost across key states marks a historic moment for U.S. corn production.
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