US Corn Farmers Defy a Scorching Summer to Grow Record Crop
The bumper harvest is fallout from the war in the Black Sea region and should keep a lid on costs for poultry and biofuel producers, as well as shoppers.
Piles of corn are transported during a harvest in Lansing, Michigan. This year’s US crop was a record.
Photographer: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, reporter Michael Hirtzer discusses the ramifications of this year’s record US corn crop. Read our Big Take on how power companies profited from Italy’s Covid lockdown. To get this newsletter sent straight to your inbox, you can sign up here.
So much for the summer of drought and extreme heat in the US that triggered early fears about crop damage. On Thursday, the Department of Agriculture made it official: This year’s corn harvest was the biggest ever.