USDA cuts corn outlookThe government slashed its expectations
for U.S. corn and soybean production for the second consecutive
month Aug. 10, predicting what could be the lowest average corn
yield in more than 15 years, as the worst drought in decades
grips major farm states. By: Jim Suhr, Associated Press ST.
LOUIS — The government slashed its expectations for U.S. corn
and soybean production for the second consecutive month Aug. 10,
predicting what could be the lowest average corn yield in more
than 15 years, as the worst drought in decades grips major farm
states. Still, Agriculture Secretary Tom Vilsace, insists U.S.
farmers and ranchers remain resilient and the country will
continue to meet demand as the global leader in farm exports and
food aid. The U.S. Department of Agriculture cut its projected
U.S. corn production to 10.8 billion bushels, down 17 percent
from its forecast last month of nearly 13 billion bushels and 13
percent less than last year. That also would be the lowest
production since 2006.