USDA is forecasting that the 2011 crop — 2011 production and 2012 demand — will result in a record 13.5 billion bushels of corn production, and a 23% increase in ending corn inventories, to 900 million bushels. It’s also projecting a 6% decline in ending soybean inventories and a 16% decline in ending wheat inventories. USDA’s corn forecast assumes above trendline yields of 158.7 bushels per acre, which is 3 bushels per acre below the…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.
