STAT Communications Ag Market News

Soybean Crop Sunks 20%

WASHINGTON - Sep 12/19 - SNS -- Soybean production for beans is forecast at 3.63 billion bushels, down 1% from the previous forecast and down 20% from last year, according to the latest USDA crop production estimates.

Based on conditions as of September 1, yields are expected to average 47.9 bushels per harvested acre, down 0.6 bushel from the previous forecast and down 3.7 bushels from 2018. Area harvested for beans is forecast at 75.9 million acres, unchanged from the previous forecast but down 14% from 2018.

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 lower pod count compared with the previous year.

Compared with final counts for 2018, pod counts are down in 10 of the 11 published States. Ohio showed the greatest decrease, down 647 pods per 18 square feet from the previous year. The only increase from the 2018 final pod count is expected in Kansas.

Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2018
and Forecasted September 1, 2019
-------------------------------------------------------------------------------------------
                 :  Area harvested   :         Yield per acre          :    Production
                 :-------------------------------------------------------------------------
      State      :         :         :         :         2019          :         :
                 :  2018   :  2019   :  2018   :-----------------------:  2018   :  2019
                 :         :         :         : August 1  :September 1:         :
-------------------------------------------------------------------------------------------
                 :    1,000 acres       ---------- bushels ---------    -- 1,000 bushels --
                 :
Alabama .........:    340       275     41.0        44.0        44.0       13,940    12,100
Arkansas ........:  3,240     2,650     51.0        51.0        50.0      165,240   132,500
Delaware ........:    168       158     42.0        42.0        45.0        7,056     7,110
Florida 1/ ......:     12      (NA)     38.0        (NA)        (NA)          456      (NA)
Georgia .........:    135       105     40.0        38.0        33.0        5,400     3,465
Illinois ........: 10,750     9,940     65.0        55.0        53.0      698,750   526,820
Indiana .........:  5,920     5,370     58.5        50.0        49.0      346,320   263,130
Iowa ............:  9,910     9,130     57.0        55.0        54.0      564,870   493,020
Kansas ..........:  4,700     4,550     43.5        42.0        44.0      204,450   200,200
Kentucky ........:  1,990     1,690     52.0        53.0        53.0      103,480    89,570
                 :
Louisiana .......:  1,200       870     52.0        51.0        49.0       62,400    42,630
Maryland ........:    515       505     47.5        48.0        44.0       24,463    22,220
Michigan ........:  2,280     1,720     48.0        45.0        42.0      109,440    72,240
Minnesota .......:  7,710     6,820     50.5        46.0        45.0      389,355   306,900
Mississippi .....:  2,190     1,670     54.5        53.0        51.0      119,355    85,170
Missouri ........:  5,800     5,030     45.0        45.0        46.0      261,000   231,380
Nebraska ........:  5,650     4,950     59.0        58.0        58.0      333,350   287,100
New Jersey ......:    103        98     40.0        42.0        42.0        4,120     4,116
New York ........:    320       235     52.5        45.0        47.0       16,800    11,045
North Carolina ..:  1,570     1,530     34.0        38.0        38.0       53,380    58,140
                 :
North Dakota ....:  6,860     5,650     35.5        35.0        35.0      243,530   197,750
Ohio ............:  4,980     4,170     58.0        48.0        48.0      288,840   200,160
Oklahoma ........:    600       430     30.0        26.0        26.0       18,000    11,180
Pennsylvania ....:    630       625     45.0        48.0        48.0       28,350    30,000
South Carolina ..:    375       340     29.5        31.0        34.0       11,063    11,560
South Dakota ....:  5,580     3,460     46.0        45.0        44.0      256,680   152,240
Tennessee .......:  1,670     1,470     46.0        50.0        50.0       76,820    73,500
Texas ...........:    135        85     32.0        38.0        29.0        4,320     2,465
Virginia ........:    590       560     43.0        43.0        38.0       25,370    21,280
West Virginia 1/ :     27      (NA)     53.5        (NA)        (NA)        1,445      (NA)
Wisconsin .......:  2,160     1,780     49.0        47.0        47.0      105,840    83,660
                 :
United States ...: 88,110    75,866     51.6        48.5        47.9    4,543,883 3,632,651
-------------------------------------------------------------------------------------------
(NA) Not available.
1/   Estimates discontinued in 2019.

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