US Corn Production could reach record level.

It is possible that corn production may reach a record yield this year, despite delayed planting due to inclement weather in the Midwest.
The USDA is estimating output will rise to an all time high assuming an average yield of 158 bushels per acre. This would be an increase from 2012 production of 123.4 bushels per acre after the Midwest suffered from the worst drought since the 1930’s.

Corn futures in May will likely post their first gain in four months. Fears that the slow planting may result in a miss of the USDA acreage target are surfacing, however yield continues to be the largest variable.

Visit Bloomberg.com for the full story.