USDA: Largest Corn Crop Ever is Coming
Corn and soybean production will rebound strongly this year
US farmers will harvest their largest corn crop ever this year, fueled by the largest plantings in seven years, growing so much corn that carry-over stocks will be the biggest since 1988, projected the USDA on Friday.
According to Successful Farming, the soybean crop would be the fourth largest on record, with exports recovering to pre trade war levels due to “increasing global import demand, particularly for China.”
Corn and soybean production will rebound strongly this year, assuming a return to normal weather and yields after 2019, when the rainiest spring in a quarter century prevented farmers from planting millions of acres.