Corn Yields Hold Steady; Soybeans Slip a Little
Oct 18, 2011
USDA held its corn per-acre yield steady in last week's October Crop Production report and lowered its per-acre soybean yield ever so slightly. Along with a reduction of harvested acres for both crops, the total production dropped.
As for farmer-reported yields on AgWeb, our numbers showed the same trend. Corn dropped just a bit on the per-acre yield to 143.22. That is down from 143.30 last week on about 775 farmer-reported yields and 221,000 acres.
The national average soybean yield dropped a half bushel in one week, as we collected more than 100 farmer-reported yields across the country. The average reported to AgWeb this week stands at 46.05, with just under 350 farmer submissions from nearly 100,000 acres.
Total crop numbers are calculated by using avg. yields of farmer-reported data to AgWeb, multiplied by harvested acres in USDA's Sept. 2011 Crop Production Report. In cases where states have not reported to AgWeb, USDA's avg. Sept. yield is used to estimate state yield.
