Major Hike in Soybean Yield Estimate
WASHINGTON - Sep 11/14 - SNS -- Soybean production is forecast at a record 3.91 billion bushels, up 3% from August and up 19% from last year, according to the USDA's latest crop forecasts.
Based on September 1 conditions, yields are expected to average a record high 46.6 bushels per acre, up 1.2 bushels from last month and up 3.3 bushels from last year. Area for harvest in the United States is forecast at a record 84.1 million acres, unchanged from August but up 11% from last year.
The September objective yield data for the combined 11 major soybean- producing States (Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, Ohio, and South Dakota) indicate a higher pod count compared with last year as conditions have generally been more favorable across the Midwest. Compared with final counts for 2013, pod counts are up in five of the ten published States. The largest increase from 2013's final pod count is expected in Missouri, up 550 pods per 18 square feet. An increase of more than 200 pods per 18 square feet is expected in Illinois.
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