Corn planting is now 2% ahead of the five year national average, while soybeans are currently 4% ahead, according to the April 22, 2024, USDA Crop Progress report.
Corn for grain production is estimated at 12.4 billion bushels, down 1 percent from the Nov. 1 forecast and 5 percent below the record high production of 13.1 billion bushels set in 2009.
Tomorrow is the big day, the Jan. 12 Crop Production and World Agricultural Supply and Demand Estimates reports. Here’s what you need to know before the reports are released.