Record Soybean Crop Cooking
WASHINGTON - Aug 12/14 SNS -- Soybean production is forecast at a record 3.82 billion bushels, up 16% from last year, according to the USDA's latest crop production forecast.
Based on August 1 conditions, yields are expected to average a record high 45.4 bushels per acre, up 2.1 bushels from last year. Area for harvest in the United States is forecast at a record 84.1 million acres, unchanged from June but up 11% from last year.
Planting conditions this spring were much improved compared with last year when wet conditions delayed planting in many areas of the Corn Belt and Delta. As of August 3, 71% of the crop was rated as good to excellent, compared with 64% for the same week last year.
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