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Sept. 12 USDA Crop Report

Corn production is forecast at 14.2 billion bushels, down 6 percent from last year but up less than 1 percent from the August forecast. Based on conditions as of September 1, yields are expected to average 169.9 bushels per acre, up 0.4 bushel from the August forecast but down 4.7 bushels from 2016. If realized, this will be the third highest yield and
production on record for the United States. Area harvested for grain is forecast at 83.5 million acres, unchanged from the August forecast but down 4 percent from 2016.

Soybean production is forecast at a record 4.43 billion bushels, up 1 percent from August and up 3 percent from last year. Based on September 1 conditions, yields are expected to average 49.9 bushels per acre, up 0.5 bushel from last month but
down 2.2 bushels from last year. Area for harvest in the United States is forecast at a record high 88.7 million acres, unchanged from August but up 7 percent from 2016.

For the full USDA Crop Report, click here.

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