USDA Slightly Lowers 2013/2014 Corn Crop, Increases Oilseed Output

摘要

With the harvest complete and estimates being replaced with hard numbers, the U.S. Department of Agriculture in its January 10 World Agriculture Supply and Demand Estimates (WASDE) report increased the harvested acres for corn by 436,000 acres and lowered the yield to 158.8 bushels per acre, reducing production 64 million bushels to 13.93 billion bushels. “Projected corn use for 2013/14 is raised with feed and residual use projected up 100 million bushels based on September-November disappearance as indicated by the December 1 stocks estimate.