Growth Energy: USDA Crop Report Raises Record Harvest ProjectionsDate Posted: September 15, 2014 Washington, DC—Last week, the U.S. Department of Agriculture (USDA) released its September World Agriculture Supply and Demand Estimates (WASDE) report. The report shows that the U.S. is on track to produce an even larger record corn crop than previously expected. The 2014 corn crop is now estimated at 14.395 billion bushels, up 363 million bushels from the August forecast. Total 2014 corn usage is also up 170 million bushels from last month. Projected food, seed and industrial use is raised 70 million bushels, with increases expected for both ethanol and sweeteners. These increases are supported by the reduced corn price outlook and higher production of these corn-based products in recent months. In response to USDA’s announcement, Tom Buis, CEO of Growth Energy, released the following statement: “America’s farmers continue to break records and prove beyond a doubt that we can produce a bounty of food, feed and fuel.
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