USDA Sees Record Soybean Crop
WASHINGTON - Sep 10/10 - SNS -- Soybean production is forecast at a record high 3.48 billion bushels, up 1% from August and 4% above last year, according to the USDA's latest crop production estimates.
Based on September 1 conditions, yields are expected to average a record high 44.7 bushels per acre, up 0.7 bushel from both last month and last year.
Compared with last month, yields are forecast higher or unchanged across the central and northern Corn Belt, with the exception of Michigan.The largest increases in yield from last month are expected in Maryland and Virginia, both up 4 bushels. With the exceptions of Louisiana and the Carolinas, yields are forecast down across the Delta States, Southern Great Plains, and Southeast.
The largest decline from the August 1 forecast is expected in Oklahoma, down 7 bushels as drought conditions across much of the State hampered yield expectations. If realized, the forecasted yield in Illinois, Minnesota, Nebraska, New York, and North Dakota will be a record high. Area for harvest in the United States is forecast at 78.0 million acres, unchanged from June but up 2% from 2009.
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