The U.S. Department of Agriculture released Friday its first World Agricultural Supply and Demand Estimates report of the year.
The report estimates that corn producers will harvest 165.3 bushels of corn per acre, up 6.5 bushels from the previous year. Corn acreage is expected to slip to 91.7 million acres, from 95.4 million acres.
The report is the USDAís best guess of agricultural expectations, and weather events might dramatically change the forecasts.
The season-average price for corn was forecast lower, ranging from $3.85 and $4.55 per bushel. It was $4.50 to $4.80 a year earlier.
MORE HBJ HEADLINES
JetBlue plans to train pilots from scratch 1:43 p.m. 1st Security has Olympic ambitions ISIS sparks $50 billion boost in Europe's defense spending Japan launches first rocket with commercial payload Briefs: UW Bothell hires new vice chancellor of advancement, external relations American home prices jump in September
Our new comment system is not supported in IE 7. Please upgrade your browser here.