Declining Crop Conditions Lead to Cut in Production Estimates

Due to the rapid decline in crop conditions in the last month – USDA’s World Agricultural Outlook Board lowered the projected corn yield to a national average of 146-bushels per acre Wednesday – a 12-percent decline. According to Outlook Board officials – that’s the largest yield decline in the July report in recent memory. That puts estimated total production at 12.97-billion bushels in the latest World Agricultural Supply and Demand Estimates report. The report also dropped projected ending stocks for the 2012-13 crop to 1.18-billion – down by a bit more than 700-million bushels. Soybean yield estimates are also down. The 40.5-bushel per acre projection is down 3.4-bushels an acre from June estimates. Total production is now pegged at 3-billion bushels – a decline of 155-million bushels. Ending stocks were lowered 10-million bushels to 130-million bushels. The July WASDE also brought winter wheat production down one-percent to a forecast of 1.67-billion bushels on an average yield of 47.7-bushels per acre. The total production projection is still 12-percent higher than last year’s crop. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.