Get breaking news alerts via email

Click here to manage your alerts
USDA lowers corn harvest estimate, raises soybeans
Agriculture » Wet June in Midwest hurt corn crop, but soybeans are thriving.
First Published Jul 11 2014 06:02 pm • Last Updated Jul 11 2014 06:02 pm

Des Moines • Rain that has washed out portions of fields in several corn-growing states prompted the government to lower its estimate of this year’s corn crop size, but soybean fields may actually produce more than earlier expected, the U.S. Department of Agriculture said Friday.

June was uncommonly wet in portions of Iowa, Minnesota, Nebraska, South Dakota, and Tennessee, with areas of those states reporting more than 12 inches of precipitation for the month.

Join the Discussion
Post a Comment

Iowa, for example, had in June the fourth-wettest month in 141 years of records. Early June also delivered high winds, hail damage and flooding to some areas of the corn-growing states.

Factoring it all in, the USDA said the national average per acre yield of corn is expected to remain at a record 165.3 bushels per acre but the number of acres harvested will be about a half million less than expected last month at 83.8 million acres.

That resulted in a new estimate of 13.86 billion bushels of corn, 75 million bushels less than last month’s estimate.

The USDA noted that the corn crop appears to be in very good condition, but that much of the success for this year’s harvest depends on the weather as corn enters its critical pollination phase in mid-July.

"The crop looks good, but we know there are some big holes out there as far as all this ponding especially as you look from Iowa north you get out in the fields and you see these ponds where some of the crop got drowned out," said Chad Hart, an agriculture economist at Iowa State University.

Soybean production estimates were boosted to a record 3.8 billion bushels, which is 165 million bushels higher than last month’s estimate. That was raised because farmers are now expected to harvest 3.6 million additional acres than expected earlier this year.

The USDA said farmers have planted 84.8 million acres of soybeans, higher than earlier estimates of 81.5 million acres. They are expected to harvest 84.1 million acres, less than what was planted because of the wet fields.

The government lowered its estimate of prices for both corn and soybeans.

story continues below
story continues below

Corn is now expected to bring $3.65 to $4.35 a bushel, down 20 cents on both ends of the range from June’s estimate. Soybeans were lowered 25 cents to a range of $9.50 to $11.50 a bushel.

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.