Corn crop could be 7% smaller
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Corn production this year could be down as much as 7% from the record-breaking heights of 2007, according to a U.S. Department of Agriculture report.
The report projects that farmers will harvest about 12 billion bushels of corn this year. About one-third of the harvest will be directed toward ethanol production, the USDA estimates.
The revised projections came as wet weather in the Corn Belt slowed plantings.
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