Tuesday, October 16, 2012
Illinois Corn Harvest Awful, Beans Just Bad
According to the October production report, the corn for grain yield in Illinois is estimated at 38 percent less than last year’s crop. The forecast yield for soybeans in the state is estimated down 19 percent from last year. Nationally, corn production is forecast at 10.7 billion bushels, down 13 percent from 2011, the lowest production in the United States in six years.
A Wisconsin Farm Bureau Federation Marketbasket Survey Monday showed food prices basically steady for the third quarter of the year, though. Spokesman Casey Langan said this Summer's drought probably won't show up in food prices at the register until next year.