Record Soybean Harvest Expands
WASHINGTON Nov 10/14 - SNS -- Soybean production is forecast at a record 3.96 billion bushels, up less than 1% from October and up 18% from last year, according to the latest USDA crop report.
Based on November 1 conditions, yields are expected to average a record high 47.5 bushels per acre, up 0.4 bushel from last month and up 3.5 bushels from last year. Area for harvest in the United States is forecast at a record 83.4 million acres, unchanged from last month.
The November 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 eight of the eleven published States. The largest increase from 2013's final pod count is expected in Missouri, up 555 pods per 18 square feet. An increase of more than 200 pods per 18 square feet is expected in Arkansas, Illinois, and Iowa.
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