Corn Production Down 1% from September Forecast
Soybean Production Down 1%
Cotton Production Up Slightly
Corn production is forecast at 12.4 billion bushels, down 1% 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 U.S. Based on conditions as of Oct. 1, yields are expected to average 148.1 bu./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% 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% from September and down 8% from last year. Based on Oct. 1 conditions, yields are expected to average 41.5 bu./acre, down 0.3 bu. from last month and down 2 bu. 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% from 2010.
All cotton production is forecast at 16.6 million 480-lb. bales, up slightly from last month but down 8% from last year. Yield is expected to average 809 lb. per harvested acre, down 3 lb. from last year. Upland cotton production is forecast at 15.9 million 480-lb. bales, down 10% from 2010. American Pima production, forecast at 737,200 bales,was carried forward from last month.
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