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The USDA forecasts the 2024/25 corn crop to be the third-largest in U.S. history and said corn end stocks would still be the largest in six years as of September 2025.
National corn production is up 10% from last year, forecast at 15.1 billion bushels; soybean growers are expected to decrease their production 2% from 2022, forecast at 4.21 billion ...
The USDA said Thursday it expects farm income to fall 6.8% to $140 billion this year, following a decline in corn, soybean and other commodity prices. In February, the USDA projected that farm ...
Subsequent such reports appeared irregularly, and evolved by the 1960s into commodity-oriented circulars published at regular intervals by USDA agencies. The first direct predecessor of the WASDE report was released on September 17, 1973, as the Agricultural Supply and Demand Estimates . [ 8 ]
The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
The Posted county price (PCP) is calculated for the so-called loan commodities (except for rice and cotton) for each county by the Farm Service Agency in the United States. The PCP reflects changes in prices in major terminal grain markets (of which there are 18 in the United States), corrected for the cost of transporting grain from the county ...
The corn harvest was seen at 15.165 billion bushels, based on an average yield of 179.5 bushels per acre, and soybean harvest at 4.405 billion bushels, based on a yield of 50.8 bushels per acre ...
The creation of USDA's Crop Reporting Board in 1905 (now called the Agricultural Statistics Board) was another landmark in the development of a nationwide statistical service for agriculture. A USDA reorganization in 1961 led to the creation of the Statistical Reporting Service, known today as National Agricultural Statistics Service (NASS). [1]