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Record corn crop forecast as ethanol exports grow
Source : domesticfuel.com
Despite flooding of farm land and delayed planting in many areas, USDA is forecasting a record corn crop for this year. The World Agricultural Supply and Demand Estimate for May represents USDA's initial assessment of U.S. and world crop supply and demand prospects. The report projects corn production for 2011/12 "at a record 13.5 billion bushels, up 1.1 billion from 2010/11 as a 4.0-million-acre increase in intended plantings and a recovery from last year's weather-reduced yields boost expected output. The 2011/12 corn yield is projected at 158.7 bushels per acre, 3.0 bushels below the 1990-2010 trend reflecting the slow pace of planting progress through early May."
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16 May 2011 |
Figures ::
Agriculture ::
United States & Canada
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Articles from 16 May 2011 (18 articles)
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