In its early forecast for crop production, USDA's Outlook for crops lowers corn, soybean and wheat production for the 2017-18 crop year. USDA pegs corn production at 14.065 billion bushels, 7% below a year ago with an average yield of 170.7 bushels per acre, down from last year's record yield of 174.6 bpa. USDA projects corn acreage at 90 million planted acres, down 4 million from 2016. Despite USDA boosting soybean planted acres for this spring by 4.6 million acres to a record 88 million acres, USDA still lowers projected soybean production to 4.18 billion bushels, 3% lower than 2016 with an average yield of 48 bpa, down 4.1 bushels from 2016. Wheat production is projected at 1.837 billion bushels, down 20% from last year with a yield expected at 47.1 bpa, down 10% from last year. Planted wheat acres are projected at 46 million, down 4.6 million from last year. The USDA Outlook is the department's first major forecast of the 2017-18 marketing year, which will be updated in the March 31 prospective plantings report.