Indiana Farm Bureau’s Chief Economist Dr. Todd Davis is offering up his insights on the latest World Agricultural Supply and Demand Estimates (WASDE) report released earlier this afternoon by the U.S. Department of Agriculture (USDA).
“The August WASDE is the first report that combines input from farmers along with their data predictions for this year’s crop outlook,” said Davis. “Those predictions are showing a record corn crop with the largest inventory we’ve seen since 2019.”
According to Davis, the corn yield and harvested area are both higher than last year, but soybean acreage will be down slightly.
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