Corn, Bean Forecasts Up

Both corn and soybean production forecasts are up from the National Agricultural Statistics Service’s (NASS) September report.

The Oct. 10 NASS report also raised its ending stock projections for the two crops.

Corn production is forecast at 12.2 billion bushels, up 1 percent from last month but 7 percent below 2007. Based on conditions as of Oct. 1, yields are expected to average 154.0 bushels per acre, up 1.7 bushels from September and 2.9 bushels above last year. If realized, this will be the second highest yield on record, behind 2004, and production will be the second largest, behind last year.

Yield forecasts are lower than last month across the Ohio and Tennessee Valleys and eastern Corn Belt as dry conditions during September continued to adversely affect the late developing corn crop. Forecasted yields also decreased in parts of the Delta and Missouri where excessive moisture and high winds from Hurricanes Gustav and Ike stressed the crop. Yield prospects improved in the central Corn Belt, central Great Plains, and upper Mississippi Valley as September rains brought much needed moisture to the region.

Soybean production is forecast at 2.98 billion bushels, up 2 percent from the September forecast and up 11 percent from last year. If realized, this will be the fourth largest production on record. Based on Oct. 1 conditions, yields are expected to average 39.5 bushels per acre, down 0.5 bushel from last month and down 2.2 bushels from 2007. Compared with last month, yields are forecast lower or unchanged across the Corn Belt and Great Plains, with the exception of Illinois and Kansas.

Yields increased or are unchanged from the Sept. 1 forecast across the Southeast, the lower Mississippi Valley, and the mid-Atlantic states. Area for harvest in the U.S. is forecast at 75.5 million acres, up 3 percent from last month and up 18 percent from 2007.

Cotton production, on the other hand, is projected to go down 1 percent. All cotton production is forecast at 13.7 million 480-pound bales, down 1 percent from last month and down 29 percent from last year. Yield is expected to average 849 pounds per harvested acre, unchanged from last month but down 30 pounds from the record yield in 2007. Upland cotton production is forecast at 13.3 million 480-pound bales, down 1 percent from last month and 28 percent below 2007.

Producers in the Southeast and Texas are expecting increased yields from last month, while producers in Louisiana and Mississippi expect lower yields due to the effects of Hurricane Gustav. Upland growers in Arkansas and New Mexico are expecting record high yields. American-Pima production is forecast at 451,000 bales, down 2 percent from last month and down 47 percent from last year.

(Source: National Agricultural Statistics Service)
 

Leave a Reply

Latest News
Industry NewsCompass Minerals Names Protassium+ Sales Director
June 28, 2016
Compass Minerals, the producer of Protassium+ sulfate of potash, has named Scott Johnson director of sales for Protassium+ North America. Read More
Eric SfiligojThe British Leave Vote Impact On EU Agriculture
June 27, 2016
Like virtually everyone else in the world this past week, I’ve watched the global reaction to Britain’s vote to exit Read More
Valent David Nothmann
Crop InputsValent Names David Nothmann Vice President Of Marketing
June 27, 2016
Valent U.S.A. Corp. has announced the appointment of David Nothmann as vice president of marketing. Nothmann will be responsible for Read More
The Andersons Waterloo
ManagementFirst Indiana Facility Certified Under 4R Nutrient Stew…
June 27, 2016
The 4R Nutrient Stewardship Certification Program has announced that The Andersons, Inc.’s Waterloo, IN, facility has been added to its Read More
CropLife 100BRANDT Contributes To Mayo Clinic
June 27, 2016
BRANDT, a leading agriculture retailer and manufacturer of specialty agriculture products, has pledged a sizable donation to the Mayo Clinic Read More
ManagementReport: U.S. Farmland Values On Average Continue Gradua…
June 27, 2016
Land price movement has been in the forefront for farmers, landowners, lenders and land brokers for a decade now during Read More
AdjuvantsPrecision Laboratories Introduces Intact Xtra For Use W…
June 27, 2016
Precision Laboratories announces the launch of Intact Xtra, an adjuvant designed for applicators who want to maximize spray applications and Read More
Key Cooperative’s new liquid fertilizer, crop chemical, and seed facility in Grinnell, IA stores 1.5 million gallons of liquid fertilizer and 120,000 gallons of crop chemicals.
Retail FacilitiesKey Cooperative Facility Features The Latest In Murray …
June 27, 2016
When Key Cooperative wanted to improve the overall efficiency at its new state-of-the-art facility in Grinnell, IA, it turned to Read More
Allen Summers Asmark Institute PSM Training
EmployeesAsmark Institute Sponsors 25 ResponsibleAg Auditor Trai…
June 21, 2016
The Asmark Institute has announced plans to provide 25 scholarships through their affiliated State fertilizer and agrichemical associations to help encourage Read More
Kennebec Elevator
CropLife 100Wheat Growers Celebrates Kennebec Elevator Grand Openin…
June 21, 2016
Over 250 patrons and guests were on hand to celebrate Wheat Growers’ Kennebec Elevator grand opening. South Dakota Secretary of Read More
Land O Lakes
Industry NewsLand O’Lakes To Acquire Ceres
June 20, 2016
Land O’ Lakes, Inc. and Ceres, Inc. have announced that they have signed a definitive merger agreement under which Land O’Lakes Read More
Food IT
Industry NewsCalifornia Event Will Mix Ag And Tech Professionals To …
June 20, 2016
Silicon Valley is hot on agriculture, and an upcoming event in California will bring together the food and tech industries Read More
LegislationVilsack Christens WinField Crop Adventure, Talks Monsan…
June 17, 2016
The WinField Crop Adventure grand opening ceremonies at Fair Oaks Farms (near Winemac, IN) welcomed USDA Secretary of Agriculture Tom Read More
Crop InputsFields of the Future: WinField Doubles Down with Agri-E…
June 16, 2016
Land O’Lakes, Inc., joined by Agriculture Secretary Tom Vilsack, today will host Fields of the Future, a live broadcast about Read More
Bayer sign
Crop InputsMonsanto Turns Back Bayer Again
June 14, 2016
Bayer AG’s bid to buy Monsanto Co. for more than $60 billion has hit an impasse that could pose a Read More
Young Corn Field
Crop NutritionNext Generation Of Nitrogen Efficiency Technology Conve…
June 13, 2016
Commodity price projections indicate farmers will continue to face tight margins again this year. Delivering higher yields and more bushels Read More
Industry NewsLa Crosse Seed Acquires Cover Crop Solutions Brand
June 10, 2016
La Crosse Seed announces that it is the new and exclusive owner of the entire family of brands of Cover Read More