Crop production down in 2012 due to drought

Despite getting off to a very favorable start, U.S. growers spent the summer of 2012 battling historic drought conditions in much of the Midwest. As a result, corn and soybean production, both key U.S. crops, is significantly down in 2012, according to the Crop Production 2012 Annual Summary released today by the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS).