The following is excerpted from an article originally posted on November 9, 2017 via Renewable Fuels Association
The USDA raised its average corn yield estimate to 175.4 bushels per acre, which if holds, would be a new record.
The November World Agriculture Supply and Demand Estimates report raised the average corn yield estimate by 3.6 bushels per acre and would best the previous record of 174.6 bushels per acre set in 2016. This means the 2017 corn crop would be 14.6 billion bushels, nearly 300 million bushels larger than expected just last month.
“In 2005, the year the RFS was enacted, corn yield stood at 147.9 bushels per acre. This year’s record of 175.4 bu/ac reflects an approximate 20% increase in yield in just over 10 years,” said Renewable Fuels Association President and CEO Bob Dinneen.
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