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USDA Reports Mixed Harvest: Corn Declines, Soybeans Surge

1/11/2025

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Summary

Story summary

The USDA's 2024 Crop Production report reveals a mixed harvest: U.S. corn production dips to 14.9 billion bushels, a 3% decline from last year, while soybean output rises to 4.37 billion bushels, marking a 5% increase. Corn yields hit a record 179.3 bushels per acre, with ending stocks projected at 1.54 billion bushels for corn and 380 million for soybeans.

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Story summary

The USDA's 2024 Crop Production report reveals a mixed harvest: U.S. corn production dips to 14.9 billion bushels, a 3% decline from last year, while soybean output rises to 4.37 billion bushels, marking a 5% increase. Corn yields hit a record 179.3 bushels per acre, with ending stocks projected at 1.54 billion bushels for corn and 380 million for soybeans.