Iowa Yield Forecast Breaks Records

Agribusiness
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Data pix.
This year is a record breaker for Iowa. According to the Iowa Production report the statewide average of corn is 189 bushels per acre, 11 more than last year and six more than the previous forecast. If that's right, it would smash the previous record of 181 bushels per acre, which was set in 2004 and tied in 2009.
Soybeans are similar, its forecast is at 56 bushels per acre. Five more than last year, which would break the 2005 record of 52.5 bushels per acre.
Iowa Secretary of Agriculture Bill Northey says, "I think we all thought going into this report or this fall that we might have some really good crops, and we ended up with record crop of corn and record crop of soybeans both in yield and production. So we're very happy to have those kinds of large crops. Nationally we had a good sized corn crop. About a third compared to history. And soybeans, one of the biggest crops we've ever had."
And that's affecting storage, "In some cases, our elevators are filled up. We have some corn on the ground outside. In some cases that's in uncovered piles. I think as folks go through the countryside sometimes they'll see this big white tarp over piles that are out there you can't see the corn underneath. But we have more of it going outside right now."

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