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Exports help grain prices as supply is higher than demand

Dec 11, 2017 at 10:02 AM CST

Record productivity and demand for livestock and crops has helped keep production strong, according to Iowa State University Extension crop marketing specialist Chad Hart.

While corn production is down about 3.6 million acres from 2016, soybean acres have increased 6.8 million acres. Yields continue to increase on corn from 174.6 bushels per acre in 2016 to 175.4 bushels per acre in 2017. The dramatic increase in soybean production affected yields with a decrease from 52 bushels per acre in 2016 to 49.5 bushels per acre in 2017.