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USDA increases corn, soybean projections

USDA has raised its 2013 corn and soybean production estimates.

The Ag Department projects corn at a record 13.989 billion bushels, up 1% from September, with an average yield of 160.4 bushels per acre, compared to 123.4 in 2012. Before the report, on average, analysts were expecting the guess to be 14.022 billion bushels with an average yield of 159.4 bushels per acre. Harvested area is seen at 87.232 million acres, compared to 87.375 million last year. Planted acreage was 95.3 million acres, 2% less than the prior update. USDA anticipates a record number of ears per acre in Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin, in addition to record yields in 18 states.

Soybeans are estimated at 3.258 billion bushels, 3% above September, with an average yield of 43.0 bushels per acre, compared to 39.8 a year ago. The average pre-report projection was 3.225 billion bushels with an average yield of 42.5 bushels per acre. Harvested area for soybeans is pegged at 75.688 million acres, compared to 76.164 million in 2012. Planted acreage was 76.5 million acres, 1% less than the previous guess. USDA expects year to year increases in pod counts for Arkansas, Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, North Dakota, Ohio, and South Dakota, with record yields in Arkansas, Georgia, Kentucky, Louisiana, Ohio, Pennsylvania, and Tennessee.

USDA’s weekly crop progress reports are scheduled to run through the end of November and the next crop production estimate is out December 10.

Corn and soybean projections for Brownfield states

Illinois: 2.106 billion bushels, compared to 1.286 billion in 2012; average yield of 180.0 bushels per acre, compared to 105 a year ago; harvested area of 11.7 million acres, compared to 12.250 million last year; Soybeans: 460.6 million bushels, compared to 383.99 million in 2012; average yield of 49.0 bushels per acre, compared to 43.0 a year ago; harvested area of 9.4 million acres, compared to 8.93 million last year.

Indiana: 1.009 billion bushels, compared to 596.970 million in 2012; average yield of 174.0 bushels per acre, compared to 99.0 a year ago; harvested area of 5.8 million acres, compared to 6.03 million last year; Soybeans: 259 million bushels, compared to 226.16 million in 2012; average yield of 50.0 bushels per acre, compared to 44.0 a year ago; harvested area of 5.18 million acres, compared to 5.14 million last year.

Iowa: 2.214 billion bushels, compared to 1.877 billion in 2012; average yield of 169.0 bushels per acre, compared to 137.0 a year ago; harvested area of 13.1 million acres, compared to 13.7 million last year; Soybeans: 415.350 million bushels, compared to 414.295 million in 2012; average yield of 45.0 bushels per acre, compared to 44.5 a year ago; harvested area of 9.23 million acres, compared to 9.31 million last year.

Missouri: 418.950 million bushels, compared to 247.5 million in 2012; average yield of 133.0 bushels per acre, compared to 75.0 a year ago; harvested area of 3.15 million acres, compared to 3.3 million last year; Soybeans: 193.9 million bushels, compared to 158.1 million in 2012; average yield of 35.0 bushels per acre, compared to 30.0 a year ago; harvested area of 5.54 million acres, compared to 5.27 million last year.

Nebraska: 1.614 billion bushels, compared to 1.292 billion in 2012; average yield of 169.0 bushels per acre, compared to 142.0 a year ago; harvested area of 9.55 million acres, compared to 9.1 million last year; Soybeans: 247 million bushels, compared to 207.085 million in 2012; average yield of 52.0 bushels per acre, compared to 41.5 a year ago; harvested area of 4.75 million acres, compared to 4.99 million last year.

Ohio: 631.620 million bushels, compared to 448.950 million in 2012; average yield of 174.0 bushels per acre, compared to 123.0 a year ago; harvested area of 3.630 million acres, compared to 3.650 million last year; Soybeans: 217.07 million bushels, compared to 206.55 million in 2012; average yield of 49.0 bushels per acre, compared to 45.0 a year ago; harvested area of 4.43 million acres, compared to 4.59 million last year.

South Dakota: 812 million bushels, compared to 535.3 million in 2012; average yield of 145.0 bushels per acre, compared to 101.0 a year ago; harvested area of 5.6 million acres, compared to 5.3 million last year; Soybeans: 182 million bushels, compared to 143.96 million in 2012; average yield of 40.0 bushels per acre, compared to 30.5 a year ago; harvested area of 4.55 million acres, compared to 4.72 million last year.

Wisconsin: 464 million bushels, compared to 399.3 million in 2012; average yield of 145.0 bushels per acre, compared to 121.0 a year ago; harvested area of 3.2 million acres, compared to 3.3 million last year; Soybeans: 62.8 million bushels, compared to 70.55 million in 2012; average yield of 40.0 bushels per acre, compared to 41.5 a year ago; harvested area of 1.57 million acres, compared to 1.7 million last year.