Corn Production Up 2% from October Forecast
Soybean Production Down Less Than 1%
Cotton Production Up 1%
Orange Production Down 4%
Corn production is forecast at 14.6 billion bushels, down 4% from last year but up 2% from the October forecast. Based on conditions as of November 1, yields are expected to average 175.4 bushels per acre, up 3.6 bushels from the October forecast and up 0.8 bushel from 2016. If realized, this will be the highest yield on record for the United States. Area harvested for grain is forecast at 83.1 million acres, unchanged from the previous estimate but down 4% from 2016.
Soybean production is forecast at a record 4.43 billion bushels, down less than 1% from October but up 3% from last year. Based on November 1 conditions, yields are expected to average 49.5 bushels per acre, unchanged from last month but down 2.5 bushels from last year. Area for harvest in the United States is forecast at a record high 89.5 million acres, unchanged from last month.
All cotton production is forecast at 21.4 million 480-pound bales, up 1% from October and up 25% from last year. Yield is expected to average 900 pounds per harvested acre, up 11 pounds from last month and up 33 pounds from last year. If realized, the cotton yield forecast for the Nation will be the highest yield on record. Upland cotton production is forecast at 20.7 million 480-pound bales, up 24% from 2016. Pima cotton production, forecast at 727,000 bales, was carried forward from an earlier forecast.
The United States all orange forecast for the 2017-2018 season is 4.16 million tons, down 4% from last month and down 19% from the 2016-2017 final utilization. The Florida all orange forecast, at 50.0 million boxes (2.25 million tons), is down 75% from last month and down 27% from last season's final utilization. Early, midseason, and Navel varieties in Florida are forecast at 21.0 million boxes (945,000 tons), down 9% from last month and down 36% from last season's final utilization. The Florida Valencia orange forecast, at 29.0 million boxes (1.31 million tons), is down 6% from last month and down 19% from last season's final utilization. California and Texas orange production forecasts were carried forward from the previous month.
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