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USDA Reveals US Corn-Harvested Acres At 2008 Levels Amid Megadrought

BY TYLER DURDEN

Last year was a bad year for corn — the latest US Department of Agriculture (USDA) report shows drought conditions and extreme weather wreaked havoc on croplands.

USDA unexpectedly slashed its outlook for domestic corn production amid a severe drought across the western farm belt. Farmers in Nebraska, Kansas, and Texas were forced to abandon drought-plagued fields.

The agency estimated farmers harvested 79.2 million acres, a decline of 1.6 million acres versus the previous estimate — the smallest acres harvest since 2008.

The unexpected cut to US harvested corn acres means grain supplies are a lot tighter than realized. A report Thursday showed the corn area in the world's largest producer is at the smallest since 2008 with crops failing in states such as Texas and Nebraska. That's due to persistent drought conditions in the western part of the country that could also hit harvests for wheat plants that are currently dormant for the winter. -- Bloomberg

The crop-failed lands reduced total harvest corn acreage to levels not seen since 2008. ........more below

https://www.zerohedge.com/commodities/usda-reveals-us-corn-harvested-acres-2008-levels-amid-megadrought

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For the ongoing conflict between Iran and the US to conclude, the latter must withdraw its military forces from the Persian Gulf, according to a member of the advisory board of Iran’s supreme leader.

Mohsen Rezaee, a retired major general and former commander of the Islamic Revolutionary Guard Corps (IRGC), added that Tehran would also seek full restitution for the damage done and ironclad security guarantees from Washington.

In an interview with Iran’s SNN TV broadcaster published on Saturday, the member of the Expediency Discernment Council said that the “presence of the US in the Persian Gulf has been the main cause of insecurity over the past 50 years.”

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