U.S. corn growers appear ready to harvest a record crop of 12.64 billion bushels

[JohnWxy]

http://ncga.ncgapremium.com/index.aspx?ascxid=fpQfStory&fpsid=29419&fpstid=1


August 6, 2007

U.S. corn growers appear ready to harvest a record crop of 12.64 billion bushels, according to new research by Farm Futures Magazine, but soybean production could fall to 2.68 billion, the lowest since 2003.

The magazine's estimates are based on an exclusive email survey of more than 600 producers conducted July 26 to August 4, as well as crop ratings published by USDA.
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Farm Futures estimates the average national corn yield at 147.96 bushels per acre, down slightly from the 149.1 bpa achieved in 2006. The average U.S. soybean yield was put at 42.36 bpa, also down from last year's 42.7 published by USDA.

[madrchsod]

1. the corn is`t in the bins or the trucks going to the river

you never know what mother nature is going to do...

[JohnWxy]

2. she would distract ME.

[Javaman]

3. So a record crop is harvested because more farms are growing corn

for ethanol. How about a report basing the harvest on per capita yield per acre instead?

That would give a better number based upon historic harvests.

[GliderGuider]

4. To what extent has this displaced other crops?

That would seem to be the key to understanding this. We all know it's due to the demand for ethanol production, but we've also heard of farmers pulling out other crops to take advantage of the market conditions. The simple harvest of a record crop means nothing - we could blow that record out of the water if we turned all the wheat fields over to corn, for example.

What really matters is how much extra food will there be on the tables of the world as a result. Oh, there actually will be less? Well whaddya know?

[4dsc]

5. This is much

considering they planted million's more acres in corn this number isn't too impressive..