10/12: Crop Production Report Text Highlights

October 12, 2011 02:44 AM
 
 Corn Production Down 1 Percent from September Forecast Soybean Production Down 1 Percent Cotton Production Up Slightly

Corn production is forecast at 12.4 billion bushels, down 1 percent from the 
September forecast and down slightly from the 2010 production estimate. If 
realized, this will be the fourth largest production total on record for the 
United States. Based on conditions as of October 1, yields are expected to 
average 148.1 bushels per acre, unchanged from the September forecast but 
down 4.7 bushels from 2010. If realized, this will be the lowest average 
yield since 2005. Area harvested for grain is forecast at 83.9 million acres, 
down 1 percent from the September forecast. Acreage updates were made in 
several States based on administrative data. 

Soybean production is forecast at 3.06 billion bushels, down 1 percent from 
September and down 8 percent from last year. Based on October 1 conditions, 
yields are expected to average 41.5 bushels per acre, down 0.3 bushel from 
last month and down 2 bushels from last year. If realized, the average yield 
will be the second lowest since 2003. Area for harvest is forecast at 
73.7 million acres, down slightly from September and down 4 percent from 
2010.

All cotton production is forecast at 16.6 million 480-pound bales, up 
slightly from last month but down 8 percent from last year. Yield is expected 
to average 809 pounds per harvested acre, down 3 pounds from last year. 
Upland cotton production is forecast at 15.9 million 480-pound bales, down 
10 percent from 2010. American Pima production, forecast at 737,200 bales, 
was carried forward from last month. 

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