USDA raises corn crop on record yields.

USDA up its domestic corn production outlook as record yields in areas outside the major producing states boosted the size of the overall harvest. In its monthly crop production report, USDA pegged the corn harvest at 14.28 billion bushels, based on an average yield of 171.8 bu. per acre. That compares with its September forecasts of 14.184 billion bu. and an average yield of 169.9 bu. per acre.