Feb. 24 (Bloomberg) -- U.S. corn production may rise to a record 14.27 billion bushels, from 12.358 billion last year, the U.S. Department of Agriculture said.
Farmers may yield 164 bushels per acre, the USDA said today in a report released at its annual Outlook Forum in Arlington, Virginia. U.S. plantings may total 94 million acres, the most since 1944, the agency said yesterday. Rising production may boost domestic inventories to 1.616 billion bushels before the harvest, rebounding from a 16-year low, according to the report.
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