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USDA BOOSTS CROP PRODUCTION ESTIMATES

on October 9 | in Ag News | by | with Comments Off on USDA BOOSTS CROP PRODUCTION ESTIMATES

It seems as though the old adage, “big crops get bigger,” would apply to this year’s corn and soybean crops in the United States. In its latest crop production estimates report on Sept. 12, the United States Department of Agriculture called for a record soybean crop and the highest yield on record for corn.

Corn production is forecast at 14.8 billion bushels, up 2 per cent from August and up 2 per cent from last year. Based on conditions as of Sept. 1, yields are expected to average 181.3 bushels per acre, up 2.9 bushels from the August forecast and up 4.7 bushels from 2017. The USDA says if realized, this will be the highest yield on record for the U.S.

Area harvested for grain is forecast at 81.8 million acres, unchanged from the August forecast, but down 1 per cent from 2017.

Soybean production is forecast at a record 4.69 billion bushels, up 2 per cent from August and up 7 per cent from last year. Based on Sept. 1 conditions, yields are expected to average a record high 52.8 bushels per acre, up 1.2 bushels from last month and up 3.7 bushels from last year.

Area for harvest in the U.S. is forecast at 88.9 million acres, unchanged from August but down 1 per cent from 2017.

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