January 13, 2014
US 2013 corn production up 29% on-year
US corn production forecast reached a record 353 million tonnes, down slightly from November 1 forecast but 29% higher than in 2012, as shown by the USDA's annual "Crop Production" report.
The report also estimated average yield at 4.03 tonnes per acre, more than 0.89 tonne above 2012's average yield. The area harvest for corn is estimated at 87.7 million acres.
Soy production in 2013 totalled more than 82 million tonnes, up 8% from 2012 and the third largest on record.
The average soy yield per acre is estimated 1.18 tonnes, 0.10 tonne above last year's yield. Harvest area is down slightly from 2012 to 75.9 million acres making it the fourth highest on record.