USDA January 2014 Crop Production Report -- Text Highlights

January 10, 2014 05:10 AM

Corn for grain production is estimated at a record 13.9 billion bushels, down slightly from the November 1 forecast but 29 percent above 2012. The average yield in the United States is estimated at 158.8 bushels per acre. This is down 1.6 bushels from the November forecast but 35.4 bushels above the 2012 average yield of 123.4. Area harvested for grain is estimated at 87.7 million acres, up slightly from both the November forecast and 2012.

Soybean production in 2013 totaled 3.29 billion bushels, up 1 percent from the November 1 forecast and up 8 percent from 2012. United States production is the third largest on record. The average yield per acre is estimated at 43.3 bushels, 0.3 bushel above the November 1 forecast and 3.5 bushels above last year's yield. Harvested area is down slightly from 2012 to 75.9 million acres and is the fourth highest on record.

All cotton production is estimated at 13.2 million 480-pound bales, up 1 percent from last month but down 24 percent from 2012. The United States yield is estimated at 826 pounds per acre, up 20 pounds from the December 1 forecast but down 61 pounds from last year. Harvested area, at 7.66 million acres, is down 1 percent from last month and down 18 percent from last year.

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