USDA Makes Two Surprise Changes To Corn Yield & Demand

By Tyne Morgan

The Scoop

In a surprise move for so late in the season, USDA raised its corn yield forecast by nearly 2 bu. per acre in the November Crop Production Report. With a larger crop currently being harvested across the U.S., it means estimated corn ending stocks is getting even bigger, but analysts say the increase wasn’t as big as it could have been since USDA also boosted demand.

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