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US corn estimate lowered to reflect harvest yields

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press
Thursday, October 11, 2012 - 11:27 am

DES MOINES, Iowa – The U.S. Department of Agriculture has slightly lowered its projection for the size of this year’s corn crop for a fourth straight month.

The USDA released its monthly crop report Thursday in which it estimates that farmers will harvest 10.71 billion bushels of corn. That’s down from last month’s estimate of 10.73 billion bushels.

The estimates change as the harvest progresses and the impact of this summer’s widespread drought becomes clearer.