Yields Inch Higher For Corn And Soybeans In USDA Report

September 12, 2017 11:10 AM
 
Corn_August_2

Corn Production Up Less Than 1% from August Forecast

Soybean Production Up 1%

 

Cotton Production Up 6%

Corn production is forecast at 14.2 billion bushels, down 6 percent from last year but up less than 1 percent from the August forecast. Based on conditions as of September 1, yields are expected to average 169.9 bushels per acre, up 0.4 bushel from the August forecast but down 4.7 bushels from 2016. If realized, this will be the third highest yield and production on record for the United States. Area harvested for grain is forecast at 83.5 million acres, unchanged from the August forecast but down 4 percent from 2016.

Soybean production is forecast at a record 4.43 billion bushels, up 1 percent from August and up 3 percent from last year. Based on September 1 conditions, yields are expected to average 49.9 bushels per acre, up 0.5 bushel from last month but down 2.2 bushels from last year. Area for harvest in the United States is forecast at a record high 88.7 million acres, unchanged from August but up 7 percent from 2016.

All cotton production is forecast at 21.8 million 480-pound bales, up 6 percent from August and up 27 percent from last year. Yield is expected to average a record high 908 pounds per harvested acre, up 16 pounds from last month and up 41 pounds from last year. Upland cotton production is forecast at 21.0 million 480-pound bales, up 27 percent from 2016. Pima cotton roduction is forecast at 727,000 bales, up 28 percent from last year.

 

Read the full Sept. 12, 2017 Crop Production report

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Comments

 
Spell Check

C.K
bad axe, MI
9/12/2017 11:30 AM
 

  USDA is on a mission to bankrupt the rural economy. The fed raised the debt ceiling last week I wonder if there going to fund FHA enough to get the corn and soys in the ground next year, because I am sure the local banks aren't going to be willing. This is 1980 on steroids . Maybe we can all go on social security disability benefits now like everyone else in the community.

 
 
Dr Jo
London UK, CA
9/13/2017 04:23 AM
 

  The cotton numbers EXCLUDE impact of Irma & Harvey. NASS / USDA say that their survey numbers Net of Hurricane damage will be reported in October release.

 
 
buddy in the grain business
Hamilton, OH
9/13/2017 10:53 AM
 

  Farming in general is a flawed business model. Row crops are commodities not a niche business. Farmer strives for the highest yield even when production costs exceed revenue knowingly. No production restraints even after 3 years are surplus inventory. Definition of insanity? Doing the same thing expected different results. So only the most efficient cost producer who adhere's to strict risk management practices will survive the next culling of the ever shrinking industry. If you want to blame someone, don't blame the government, blame Monsanto (Bayer).

 
 

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