Business & Policy
USDA: U.S. corn crop down
By The Associated Press
July 12, 2013 – The U.S. Department of Agriculture slightly lowered its estimate of the corn crop on Thursday, a reflection of late planting in the Corn Belt due to the wet spring.
Farmers are now expected to harvest about 13.95 billion bushels, 55 million fewer bushels than predicted in June. That still beats the 2009 record by about 858 million bushels. A bushel of corn, when on the ears, weighs about 70 pounds. | READ MORE