Optimistic projections for 2008 corn and soy harvests

摘要

The USDA released encouraging updated projections for the 2008 harvests of corn and soybeans in mid-August. Farmers expect to harvest 79.2 million acres of corn with an anticipated yield of 155 bushels per acre contributing to a near record crop of 12.2 billion bushels. Soybeans will be harvested from 73.3 million acres with an average yield of 40.5 bushels per acre contributing to a crop of 2.9 billion bushels (Table 1-page 3).