STAT Communications Ag Market News

Soybean Crop Jumps 25%

WASHINGTON - Aug 12/20 - SNS -- Soybean production for beans is forecast at 4.42 billion bushels, up 25% from 2019, according to the latest USDA crop production forecast.

Based on conditions as of August 1, yields are expected to average a record high 53.3 bushels per harvested acre, up 5.9 bushels from 2019.

Area harvested for beans in the United States is forecast at 83.0 million acres, unchanged from the previous forecast but up 11% from 2019.

Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2019
and Forecasted August 1, 2020
--------------------------------------------------------------------------------------------
                    :    Area harvested     :    Yield per acre     :      Production
        State       :-----------------------------------------------------------------------
                    :   2019    :   2020    :   2019    :   2020    :   2019    :   2020
--------------------------------------------------------------------------------------------
                    :  --- 1,000 acres --       ---- bushels ---      --- 1,000 bushels ---
                    :
Alabama ............:     260         305       36.0        41.0          9,360      12,505
Arkansas ...........:   2,610       2,910       49.0        49.0        127,890     142,590
Delaware ...........:     153         148       47.0        48.0          7,191       7,104
Georgia ............:      93          84       29.0        37.0          2,697       3,108
Illinois ...........:   9,860      10,350       54.0        64.0        532,440     662,400
Indiana ............:   5,360       5,680       51.0        61.0        273,360     346,480
Iowa ...............:   9,120       9,320       55.0        58.0        501,600     540,560
Kansas .............:   4,490       5,250       41.5        46.0        186,335     241,500
Kentucky ...........:   1,690       1,840       46.0        54.0         77,740      99,360
Louisiana ..........:     860       1,070       48.0        55.0         41,280      58,850
                    :
Maryland ...........:     475         415       44.0        47.0         20,900      19,505
Michigan ...........:   1,720       2,290       40.5        51.0         69,660     116,790
Minnesota ..........:   6,770       7,330       44.0        51.0        297,880     373,830
Mississippi ........:   1,630       1,970       50.0        55.0         81,500     108,350
Missouri ...........:   5,010       5,550       46.0        53.0        230,460     294,150
Nebraska ...........:   4,840       4,950       58.5        62.0        283,140     306,900
New Jersey .........:      92          78       37.0        41.0          3,404       3,198
New York ...........:     225         280       48.0        50.0         10,800      14,000
North Carolina .....:   1,520       1,570       35.0        37.0         53,200      58,090
North Dakota .......:   5,400       5,950       31.5        36.0        170,100     214,200
                    :
Ohio ...............:   4,270       4,780       49.0        58.0        209,230     277,240
Oklahoma ...........:     440         520       29.0        31.0         12,760      16,120
Pennsylvania .......:     610         605       49.0        47.0         29,890      28,435
South Carolina .....:     320         350       26.0        32.0          8,320      11,200
South Dakota .......:   3,440       5,150       42.5        50.0        146,200     257,500
Tennessee ..........:   1,370       1,570       47.0        49.0         64,390      76,930
Texas ..............:      73         115       28.0        31.0          2,044       3,565
Virginia ...........:     560         560       34.0        37.0         19,040      20,720
Wisconsin ..........:   1,690       2,030       47.0        54.0         79,430     109,620
                    :
United States ......:  74,951      83,020       47.4        53.3      3,552,241   4,424,800
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