USDA Expects Record Soybean Crop

WASHINGTON - Nov 9/06 - SNS -- Soybean production is forecast at a record 3.20 billion bushels, up slightly from October and 5% above 2005, according to the USDA's crop production estimates.

Based on November 1 conditions, yields are expected to average 43.0 bushels per acre, up 0.2 bushel from October and equal to last year's record high yield.

Producers in the northern Great Lakes States, Delaware, New York, North Carolina, and the Dakotas are realizing higher yields than expected last month, while yield prospects decreased slightly as harvest progressed in Illinois, Kentucky, Missouri, and Pennsylvania. Area for harvest in the U.S. is forecast at 74.5 million acres, unchanged from last month but up 5% from 2005.

Growers expect to harvest 74.5 million acres, unchanged from last month but up 5% from 2005. Record high yields are forecast in Kentucky, Michigan, Nebraska, and New York, along with record tying yields in Illinois and South Carolina.

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