Corn Production Drops to 155.8 bu/acre

October 8, 2010 02:31 AM

Corn Production Down 4 Percent from September Forecast
Soybean Production Down 2 Percent
Cotton Production Up Fractionally
Orange Production Up 10 Percent from Last Season

Corn production is forecast at 12.7 billion bushels, down 4 percent from the September forecast and down 3 percent from last year's record production of 13.1 billion bushels. Based on conditions as of October 1, yields are expected to average 155.8 bushels per acre, down 6.7 bushels from the
previous month and 8.9 bushels below last year's record of 164.7 bushels. Forecasted yields decreased from last month throughout much of the Corn Belt and Tennessee Valley. Illinois showed the largest decline, down 14 bushels per acre. Indiana and Iowa are both down 10 bushels from the previous month, while Missouri and Nebraska declined 9 bushels per acre. Area harvested for
grain is forecast at 81.3 million acres, up less than 1 percent from the September forecast. Acreage updates were made in several States based on administrative data.

Soybean production is forecast at a record high 3.41 billion bushels, down 2 percent from September but 1 percent above last year. Based on September 1 conditions, yields are expected to average a record high 44.4 bushels per acre, down 0.3 bushel from last month but up 0.4 bushel from last year. Compared with last month, yields are forecast lower or unchanged in all major-producing States except Illinois, Kentucky, Louisiana, Michigan, New York, and Wisconsin. The largest decreases in yield from last month are expected in North Carolina and Virginia, down 5 and 4 bushels, respectively. If realized, the forecasted yields in Illinois, Louisiana, Nebraska, New
York, North Dakota, and Wisconsin will be record highs and the forecasted yield in Minnesota will tie the previous record high. Area for harvest in the United States is forecast at 76.8 million acres, down 1 percent from the previous estimate but up 1 percent from 2009. Acreage updates were made in several States based on administrative data.

All cotton production is forecast at 18.9 million 480-pound bales, up slightly from last month and up 55 percent from last year's 12.2 million bales. Yield is expected to average 841 pounds per harvested acre, up 64 pounds from last year. Upland cotton production is forecast at 18.4 million 480-pound bales, up fractionally from last month and 56 percent above 2009. Producers in Texas and the Delta region are expecting increased yields from last month while producers in the Southeastern region are expecting reduced yields. American Pima production, forecast at 497,800 bales, was carried forward from last month.

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