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September 16, 2020 | Successful Farming
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Derecho Blows Away Expectations of Record-Setting Corn Crop

Storm wiped out 9% of the crop in the nation’s No. 1 corn state

In August the windstorm that blasted across Iowa — “basically a 40-mile-wide tornado,” in the words of Governor Kim Reynolds — wiped out 9% of the crop in the nation’s No. 1 corn state and obliterated the chances for a record-large corn harvest nationwide, said the USDA.

According to Successful Farming, farmers will see notably higher season-average prices for the smaller, but still ample, crop that remains in the field.

Now forecast at 14.9 billion bushels, the corn crop would be the second-largest on record and would be worth $4.75 billion more at the farm gate, selling for an average $3.50 a bushel, than the record-large crop forecast a month ago that was expected to fetch $3.10 a bushel, according to USDA data.

The smaller crop would prevent a burdensome expansion of corn supplies although the U.S. inventory would increase somewhat.

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