The recently released reduced projections for the 2010 corn harvest will still result in a surplus, said the National Corn Growers Association (NCGA).
The U.S. Department of Agriculture's report, which modified the numbers to a harvest of 12.7 billion bushels (down from 13.2 billion), still represents the third-largest crop in history. U.S. corn farmers will be able to meet the country's demands for food, feed, fuel and exports, according to the NCGA. "Our farmers are working hard to bring in a great crop this year, despite the many challenges," said NCGA President Bart Schott. "We have had many reports of lower yields and, at the same time, are hearing stories of higher-than-expected yields in some areas. This may not be a record year, but we're bringing in the corn and meeting all needs, even for our export markets." The surplus is expected to come in at around 1 billion bushels.