Corn Production Down Slightly from October Forecast
Soybean Production Up Less Than 1%
Cotton Production Up Less Than 1%
Small Grains Update: Survey respondents who reported barley, oats, Durum wheat, or other spring wheat acreage as not yet harvested in Colorado, Idaho, Minnesota, Montana, North Dakota, South Dakota, Utah, and Wyoming during the surveys conducted in preparation for the Small Grains 2014 Summary, released September 30, 2014, were re-contacted in late October to determine how many of those acres were actually harvested and record the actual production from those acres. Based on this updated information, several changes were made to the estimates published in the Small Grains 2014 Summary. Because unharvested production is a component of on-farm stocks, changes were made to the September 1 on-farm stocks levels comparable with the production adjustments.
Corn production is forecast at 14.4 billion bushels, down slightly from the previous forecast, but up 3 percent from 2013. Based on conditions as of November 1, yields are expected to average 173.4 bushels per acre, down 0.8 bushel from the previous forecast but 14.6 bushels above the 2013 average. If realized, this will be the highest yield and production on record for the United States. Area harvested for grain is forecast at 83.1 million acres, unchanged from the previous forecast but down 5 percent from 2013.
Soybean production is forecast at a record 3.96 billion bushels, up less than 1 percent from October and up 18 percent from last year. Based on November 1 conditions, yields are expected to average a record high 47.5 bushels per acre, up 0.4 bushel from last month and up 3.5 bushels from last year. Area for harvest in the United States is forecast at a record 83.4 million acres, unchanged from last month.
All cotton production is forecast at 16.4 million 480-pound bales, up less than 1 percent from last month and up 27 percent from last year. Yield is expected to average 797 pounds per harvested acre, down 24 pounds from last year. Upland cotton production is forecast at 15.8 million 480-pound bales, up 29 percent from 2013. Pima cotton production, forecast at 578,000 bales, was carried forward from last month.