Date: 8/16/2010

Title: USDA Crop Production Report forecasts Record Crop

WASHINGTON - The report, which was released Aug. 12, says corn production is forecast at a record high 13.4 billion bushels, up 2 percent from the previous record set in 2009. Based on conditions as of August 1, yields are expected to average a record high 165.0 bushels per acre, up 0.3 bushel from last year’s record of 164.7. Forecasted yields are higher than last year across the upper Mississippi Valley and upper Great Lakes region where moderate temperatures and adequate soil moisture provided favorable growing conditions. Expected yields were also higher compared with last year across the southern Great Plains and lower Mississippi Valley. Yield prospects are lower in both the Atlantic Coast region and Tennessee Valley due to above normal temperatures and dry conditions.

View the full report.