STAT Communications Ag Market News

Moderate Hike in Soybean Production

WASHINGTON - Aug 10/17 - SNS -- Soybean production is forecast at 4.38 billion bushels, up 2% from last year, according to the latest USDA production estimate's of the season.

Based on August 1 conditions, yields are expected to average 49.4 bushels per acre, down 2.7 bushels from last year. Area for harvest in the United States is forecast at a record high 88.7 million acres, unchanged from the June forecast but up 7% from 2016. Planted area for the Nation is estimated at a record high 89.5 million acres, also unchanged from June.

Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2016
and Forecasted August 1, 2017
--------------------------------------------------------------------------------------------
                    :    Area harvested     :    Yield per acre     :      Production
        State       :-----------------------------------------------------------------------
                    :   2016    :   2017    :   2016    :   2017    :   2016    :   2017
--------------------------------------------------------------------------------------------
                    :  --- 1,000 acres --       ---- bushels ---      --- 1,000 bushels ---
                    :
Alabama ............:     410         440       32.0        44.0         13,120      19,360
Arkansas ...........:   3,100       3,500       47.0        49.0        145,700     171,500
Delaware ...........:     163         158       41.5        50.0          6,765       7,900
Georgia ............:     240         170       30.0        44.0          7,200       7,480
Illinois ...........:  10,050      10,340       59.0        58.0        592,950     599,720
Indiana ............:   5,640       5,890       57.5        55.0        324,300     323,950
Iowa ...............:   9,450       9,950       60.5        56.0        571,725     557,200
Kansas .............:   4,010       4,700       48.0        41.0        192,480     192,700
Kentucky ...........:   1,780       1,890       50.0        52.0         89,000      98,280
Louisiana ..........:   1,190       1,260       48.5        53.0         57,715      66,780
                    :
Maryland ...........:     515         515       41.5        46.0         21,373      23,690
Michigan ...........:   2,060       2,290       50.5        49.0        104,030     112,210
Minnesota ..........:   7,500       8,150       52.5        49.0        393,750     399,350
Mississippi ........:   2,020       2,220       48.0        52.0         96,960     115,440
Missouri ...........:   5,540       5,900       49.0        49.0        271,460     289,100
Nebraska ...........:   5,150       5,650       61.0        58.0        314,150     327,700
New Jersey .........:      98         103       36.0        40.0          3,528       4,120
New York ...........:     320         315       41.0        47.0         13,120      14,805
North Carolina .....:   1,660       1,670       35.0        38.0         58,100      63,460
North Dakota .......:   6,000       7,150       41.5        33.0        249,000     235,950
                    :
Ohio ...............:   4,840       4,990       54.5        53.0        263,780     264,470
Oklahoma ...........:     470         530       29.0        27.0         13,630      14,310
Pennsylvania .......:     575         575       44.0        51.0         25,300      29,325
South Carolina .....:     405         370       31.0        36.0         12,555      13,320
South Dakota .......:   5,170       5,360       49.5        41.0        255,915     219,760
Tennessee ..........:   1,630       1,720       45.0        45.0         73,350      77,400
Texas ..............:     145         150       31.0        35.0          4,495       5,250
Virginia ...........:     600         590       36.0        37.0         21,600      21,830
Wisconsin ..........:   1,950       2,140       55.0        48.0        107,250     102,720
                    :
Other States 1/ ....:      55          45       43.1        43.8          2,370       1,973
                    :
United States ......:  82,736      88,731       52.1        49.4      4,306,671   4,381,053
--------------------------------------------------------------------------------------------
1/ Other States include Florida and West Virginia. Individual State level estimates will be
   published in the "Crop Production 2017 Summary."

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