The First WASDE of 2019 Shows Lower Corn and Soybean Production

The corn outlook for 2019 shifted lower with anticipated declines in yield per acre, imports, ethanol production, feed, and stocks.  The average yield per acre fell by 2.5 bushels, causing production to decline by 206 million bushels to 14.4 billion. Imports were lowered by five million bushels, bringing the total reduction in supply to 211 million…