Charlie Riedel, Associated Press
ST. LOUIS — A U.S. government report says the nation's corn growers should have banner production this year despite lesser acreage devoted to the grain. But corn prices later in the year may suffer a bit.
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 USDA's 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.
- What people never mention when they talk...
- 3 tips for traveling cheaply
- N. Korea proposes joint probe over Sony hacking
- Survey says parents spend $532.87 a month to...
- AP PHOTOS: A look at 2014 in the business world
- Amazon offers one-hour delivery in Manhattan...
- Utah economy still adding jobs, report says
- Amazon-Hachette feud headlines book news in 2014
- NYC premiere of Rogen film 'The... 8
- US consumer prices fall in November 4
- Keystone pipeline to top Senate agenda... 3
- AP sources: NFL employees turn over... 3
- Sony hack adds to security pressure on... 3
- What people never mention when they... 3
- US current account deficit rises to... 1
- Incoming Senate Majority Leader Mitch... 1