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(Davenport, IA) -- Forecasts of a record corn yield this year may not be good news for Midwest farmers.
The U.S. Department of Agriculture released a forecast of a 16.7 billion bushel harvest yesterday, an increase of 13% from last year.
But an economics professor with Iowa State University says demand hasn't kept up with yield.
Professor Chad Hart says corn prices at 2016 levels may force some farmers to sell below cost, or store corn until prices rise.
The USDA is also estimating soybean yields to be up nearly 5% this year.
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