■1974-75 U.S. CORN
[Aug WASDE highlights]
Bad weather has wilted spring's projects for bumper crops and the situation now looks bleak in comparison. Only wheat and rice among the major crops are turning out larger than last year. Most wheat matured before the spring rains and the summer drought whipsawed other crops, and rice grown outside the drought areas. Also, estimates of harvested acreage have generally been reduced since our last report. Total crop production may be about 6 percent below last year.
[Oct WASDE Highlights]
Weather has continued to play havoc with the major 1974 crops except rice. Early cold spells and frost in September cut corn production projects by 277 million bushels, total feed grains by 5 percent, soybean by 54 million bushels, cotton by 0.4 million bales, and wheat by 11 million bushels. Rice projects improved slightly.