Corn Production Down 1 Percent from October
Forecast Soybean Production Down 1 Percent
Corn production is forecast at 12.5 billion bushels, down 1 percent from the October forecast and down 4 percent from last year’s record production of 13.1 billion bushels. As of November 1, yields are expected to average 154.3 bushels per acre, down 1.5 bushels from the previous month and 10.4 bushels below last year’s record of 164.7 bushels. Forecasted yields decreased from last month throughout much of the Corn Belt, with the biggest decline forecasted in Missouri, down 7 bushels per acre. The expected yield in South Dakota declined 5 bushels from last month while the Nebraska yield dropped 4 bushels per acre. Record high yields are forecast in California, Georgia, Michigan, Minnesota, New York, North Dakota, and Wisconsin.
Soybean production is forecast at a record high 3.38 billion bushels, down 1 percent from the October forecast but up slightly from last year.… Continue readingRead More »