USDA nudges up U.S. corn, soybean production

22.09.2017

Minor adjustments in “I” state yields were made in the U.S. Department of Agriculture’s Sept. 12 crop production estimates.

The USDA added a bushel to Indiana’s average soybean yield from the previous estimate, raising the state average to 56 bushels per acre, 1.5 bushels less than in 2016. With harvested acres of 5.89 million, those 56 bushels will produce 329.84 million bushels.

Illinois was left unchanged at 58 bushels per acre, one less than last year’s state soybean average. If realized, the Prairie State would produce 599.72 million bushels on 10.34 million acres.

Iowa’s average soybean yield projection was increased by one from August to 57 bushels per acre compared to 60.5 in 2016. USDA estimates 9.95 million harvested soybean acres for a total production of 567.15 million bushels.

‘I’ Corn

The USDA upped Illinois’ average corn yield estimate from last month by a bushel to 189 bushels per acre, an eight bushel drop from the previous year. The yield would produce 2.07 billion bushels from 10.95 million acres.

Indiana went the other direction as USDA decreases its estimate by two bushels from August to 171 bushels per acre. The Hoosier State had a 173 bushels per acre yield in 2016. The 171 bushels per acre would garner 918.27 million bushels off 5.37 million harvested acres.

The USDA anticipates Iowa to see a large corn yield decline from last year. The agency reduced the yield estimate by one bushel to 187 bushels per acre after the 2016 tally of 203. The state’s 13.1 million harvested acres would produce about 2.45 billion bushels if estimates reach reality.

Nationwide Hike

U.S. 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 Sept. 1, U.S. corn 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 U.S.


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