USDA projects record corn crop

The U.S. Department of Agriculture projects corn production at a record 13.2 billion bushels, according to the U.S. Grains Council.
This is up from 12.9 billion bushels projected in the USDA December forecast and 1% above the previous record of 13.0 billion bushels set in 2007. Corn exports are projected at 2.1 billion bushels, unchanged from last month and up from the estimated 1.9 billion bushels exported in 2008/2009.
According to the World Agricultural Supply and Demand Estimates released by the USDA on Jan. 12, the U.S. corn yield is estimated to hit a record 165.2 bushels per acre in 2009. This is up 2.3 bushels from the December forecast and 4.9 bushels above the previous record of 160.3 bushels per acre set in 2004.
The USDA projects sorghum production at 383 million bushels, 140 million of which will be exported.