U.S. projects record corn crop

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U.S. farmers will plant huge amounts corn this year, producing a record corn crop and ending thin supplies due to the 2012 drought – the worst in 56 years, according to projections of the U.S. Congressional Budget Office.

CBO has forecast a corn crop of 14.454 billion bushels, which would be the biggest ever, considering that the weather returns to normal and there are higher yields.

If this numbers are confirmed, that would mean a one-third rise from last year.

Next week, the Agriculture Department will release its first projections for this year’s U.S. crops.

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