News Column

USDA: US corn yields may be up from last year, but pricing could slip

May 9, 2014

Jim Suhr, The Associated Press



ST. LOUIS - A U.S. government report says the nation's corn growers should have banner production this year despite lesser acreage devoted to the grain. But corn prices later in the year may suffer a bit.

The U.S. Department of Agriculture released Friday its first World Agricultural Supply and Demand Estimates report of the year.

The report estimates that corn producers will harvest 165.3 bushels of corn per acre, up 6.5 bushels from the previous year. Corn acreage is expected to slip to 91.7 million acres, from 95.4 million acres.

The report is the USDA's best guess of agricultural expectations, and weather events might dramatically change the forecasts.

The season-average price for corn was forecast lower, ranging from $3.85 and $4.55 per bushel. It was $4.50 to $4.80 a year earlier.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Canadian Press DataFile


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters