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Record Low Oat Crop on Books
WASHINGTON - Aug 11/06 - SNS -- Oat production in the U.S. is forecast at 107 million bushels, 3% below the July 1 forecast and 6% below last year's 115 million bushels, according to the USDA's latest crop production estimates.
If realized, this would be the lowest production on record. The U.S. yield is forecast at 56.3 bushels per acre, down 1.6 bushels from July 1 and 6.7 bushels from 2005. Growers expect to harvest 1.91 million acres for grain, up 5% from last year.
The crop developed at or ahead of normal in most major oat-producing States during July. As of July 30, fifty-five% of the oat acreage was harvested, which is 9 percentage points ahead of last year and 17 percentage points ahead of the 5-year average.
Good harvest weather during July resulted in oat harvest being finished in Texas, 91% complete in Nebraska, and 81% complete in Iowa.
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