STAT Communications Ag Market News

U.S. Soybean Production Dips 2%

WASHINGTON - Aug 11/23 - SNS -- Soybean production for beans is forecast at 4.21 billion bushels, down 2% from 2022, according to the USDA.

Based on conditions as of August 1, yields are expected to average 50.9 bushels per harvested acre, up 1.4 bushels from 2022. Area harvested for beans in the United States is forecast at 82.7 million acres, unchanged from the previous forecast but down 4% from 2022.

Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2022
and Forecasted August 1, 2023
--------------------------------------------------------------------------------------------
                    :    Area harvested     :    Yield per acre     :      Production
        State       :-----------------------------------------------------------------------
                    :   2022    :   2023    :   2022    :   2023    :   2022    :   2023
--------------------------------------------------------------------------------------------
                    :  --- 1,000 acres --       ---- bushels ---      --- 1,000 bushels ---
                    :
Alabama ............:     355         395       41.0        42.0         14,555      16,590
Arkansas ...........:   3,150       2,870       52.0        53.0        163,800     152,110
Delaware ...........:     158         148       43.0        50.0          6,794       7,400
Georgia ............:     160         165       41.0        42.0          6,560       6,930
Illinois ...........:  10,750       9,950       63.0        62.0        677,250     616,900
Indiana ............:   5,830       5,480       57.5        60.0        335,225     328,800
Iowa ...............:  10,030       9,620       58.5        58.0        586,755     557,960
Kansas .............:   4,810       4,200       27.5        35.0        132,275     147,000
Kentucky ...........:   1,940       1,890       51.0        55.0         98,940     103,950
Louisiana ..........:   1,210       1,090       47.0        49.0         56,870      53,410
                    :
Maryland ...........:     510         480       43.0        49.0         21,930      23,520
Michigan ...........:   2,240       2,040       47.0        46.0        105,280      93,840
Minnesota ..........:   7,390       7,430       50.0        49.0        369,500     364,070
Mississippi ........:   2,290       2,270       54.0        56.0        123,660     127,120
Missouri ...........:   6,060       5,550       45.5        45.0        275,730     249,750
Nebraska ...........:   5,680       5,450       49.0        58.0        278,320     316,100
New Jersey .........:     108         108       28.0        45.0          3,024       4,860
New York ...........:     325         345       45.0        52.0         14,625      17,940
North Carolina .....:   1,690       1,640       38.5        40.0         65,065      65,600
North Dakota .......:   5,670       5,600       35.0        33.0        198,450     184,800
                    :
Ohio ...............:   5,080       4,880       55.5        57.0        281,940     278,160
Oklahoma ...........:     385         520       17.0        31.0          6,545      16,120
Pennsylvania .......:     590         610       43.0        49.0         25,370      29,890
South Carolina .....:     390         425       37.0        38.0         14,430      16,150
South Dakota .......:   5,070       5,250       38.0        42.0        192,660     220,500
Tennessee ..........:   1,620       1,570       48.0        49.0         77,760      76,930
Texas ..............:      85          90       20.0        35.0          1,700       3,150
Virginia ...........:     610         560       41.0        40.0         25,010      22,400
Wisconsin ..........:   2,150       2,070       54.0        50.0        116,100     103,500
                    :
United States ......:  86,336      82,696       49.5        50.9      4,276,123   4,205,450
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