USDA Releases Updated Crop Report, Insurance Prices

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Based on Nov. 1 conditions, Nebraska’s 2014 corn crop is forecast at 1.58 billion bushels, down 2% from last year’s record high, according to the USDA’s National Agricultural Statistics Service. Acreage harvested for grain is estimated at 8.75 million acres, down 8% from a year ago. Average yield is forecast at a record high 181 bushels per acre, up 11 bushels per acre from a year ago.

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