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Northwest Iowa Dairy Outlooks

A local discussion of current science and issues concerning dairying in northwest iowa

U.S. corn production is forecast at a record 15.2 billion bushels, up 613 million from the July projection, according to USDA’s first survey-based corn yield forecast of the year.

Consequently, USDA slashed its projected range for the season-average corn price by 25 cents on both ends to $2.85 to $3.45 per bushel for the 2016/17 crop year.  This would be down 45 cents at the midpoint from the $3.55 to $3.65 per bushel range now expected for 2015/16.

Corn ending stocks for 2016/17 are projected 328 million bushels higher and, if realized, would be the highest since 1987/88.

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