date:Feb 14, 2014
rn yields averaging 183.6 bushels by the end of the decade. Soybeans are projected to hit a 49.2 bushel national average yield by 2023. The real world of weather isn't so benign as to allow a smooth path upward. USDA's projected planted corn acres will fall to 93.5 million this year, and bottom out at 88 million in 2017. Soybean acres would rise to 78 million planted this year, and would not be any higher at the end of the decade.
The underlying demand for corn will be driven by increasing meat