Soybean Record Intact
WASHINGTON - Nov 9/10 - SNS -- Soybean production is forecast at a record high 3.38 billion bushels, down 1% from the October forecast but up slightly from last year, according to the USDA's latest crop production estimates.
Based on November 1 conditions, yields are expected to average 43.9 bushels per acre, down 0.5 bushel from last month and down 0.1 bushel from last year's record high yield. Compared with last month, yields are forecast lower or unchanged in all major-producing States except Delaware, Michigan, Mississippi, North Carolina, Texas, and Wisconsin. The largest decreases in yield from last month are expected in Kansas, Nebraska, New Jersey, and South Dakota, down 2 bushels each.
If realized, the forecasted yields in Illinois, Louisiana, New York, and Wisconsin will be record highs and the forecasted yield in Michigan and North Dakota will tie the previous record high. Area for harvest in the United States is forecast at 76.8 million acres, unchanged from the previous forecast but up 1% from 2009.
Area for harvest in the United States is forecast at 76.8 million acres, unchanged from last month but up 1% from 2009. Harvested area, if realized, will be the largest on record.
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