USDA Estimates Record Corn, Soybean Yields This Fall

August 12, 2016 12:00 PM
 
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USDA blew past trade forecasts with a record corn crop yield and soybean yield in numbers released Friday.

Here are the key numbers.

Corn

Brace yourself for a record year. USDA on Friday forecasted a 175.1 bushel per acre yield, which would best the previous record of 171 set in 2014. Total production is estimated at 15.2 billion bushels, which would also be a new record. USDA also boosted ending stocks, increasing 16/17 ending stocks to 2.409 billion bushels.

 

Corn Yield by State

Click on the state to see 2015 yield and 2016 estimate.

 

Soybeans

Beans, too, are expected to produce bumper crop, with USDA estimating a new record yield of 48.9 bushels per acre and record production of 4.06 billion bushels. USDA raised 16/17 ending stocks for soybeans slightly, to 330 million bushels.  

 

 

Wheat

Wheat production, too, is up, with USDA forecasting a 2.32 billion bushel all-wheat crop and yield of 54.9 bushels per acre. Wheat ending stocks remain high, at 1.1 billion bushels for the 16/17 crop.

 

 

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Comments

 
Spell Check

James
Beemer, NE
8/14/2016 10:38 PM
 

  #chipflory for President! Bring some common sense back to Washington! He knows as well as I do that the Cubs have a better shot of winning the World Series than for corn national average yield to be 175...

 
 
Clinton
Here, KS
8/12/2016 02:11 PM
 

  Obviously JACK did sell six ago with his condescending attitude! USDA report is over estimated this time. I still believe we are at 170, lots of tip back etc.

 
 
Don Wilken
Loda, IL
8/12/2016 04:34 PM
 

  Corn looked better than I had ever seen in may, June and early july. Looks to me like the corn plants put all their energy into the plant and not enough left for grain production. lots of ears looked good early, but now mostly bare tips and shallow kernels. I'm less optimistic than in early July.

 
 

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