Corn Production Up Less Than 1 Percent from October Forecast
Soybean Production Up 2 Percent
Cotton Production Down Less Than 1 Percent
Corn production is forecast at 13.7 billion bushels, up less than one percent from the October forecast, but down 4 percent from last year's record production. Based on conditions as of November 1, yields are expected to average 169.3 bushels per acre, up 1.3 bushels from the October forecast but 1.7 bushels below the 2014 average. If realized, this will be the second highest yield and third largest production on record for the United States. Area harvested for grain is forecast at 80.7 million acres, unchanged from the October forecast but down 3 percent from 2014.
Soybean production is forecast at a record 3.98 billion bushels, up 2 percent from October and up 1 percent from last year. Based on November 1 conditions, yields are expected to average 48.3 bushels per acre, up 1.1 bushels from last month and up 0.8 bushel from last year. Area for harvest in the United States is forecast at 82.4 million acres, unchanged from last month.
All cotton production is forecast at 13.3 million 480-pound bales, down less than 1 percent from last month and down 19 percent from last year. Yield is expected to average 782 pounds per harvested acre, down 56 pounds from last year. Upland cotton production is forecast at 12.8 million 480-pound bales, down 19 percent from 2014. Pima cotton production, forecast at 451,000 bales, was carried forward from last month.