The USDA has raised its outlook for the 2023 U.S. corn crop, while cutting the projection for soybeans.
As of September 1st, U.S. corn production is seen at 15.134 billion bushels, less than 1% above August, with a reduction in the yield guess, now at 173.8 bushels per acre, due to weather canceling out higher acreage totals following planted area revisions, with planted are at 94.868 million acres and harvested area at 87.096 million acres.
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