The U.S. corn crop is projected to reach record production this year, but won't be quite as large as initially expected.

Lowered expectations are due to heavy spring rain in parts of the country that prevented some acres from being planted, according to the U.S. Department of Agriculture's Nov. 8 crop production report.

The report gave farmers and commodities traders their first glimpse at U.S. crop production since September because the partial federal government shutdown canceled the October report.

Listen to Chris Hurt talk about the impact of the canceled Oct. report.

The USDA's National Agricultural Statistics Service projected corn production will reach almost 14 billion