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USDA lowers corn, soybean production estimates

 

The USDA has lowered its 2015 U.S. corn and soybean production estimates. The numbers were pretty close to pre-report expectations.

As of October 1st, U.S. corn production is projected at 13.555 billion bushels, less than 1% lower than the September guess. That’s with a slight increase in average yield, up to 168 bushels per acre, and a reduction in the harvested acreage guess to 80.664 million acres. If realized, that would be the second highest average yield and third largest production total on record. In 2014, U.S. corn production was 14.216 billion bushels with an average yield of 171 bushels per acre and harvested area of 83.136 million acres.

Soybeans are seen at 3.888 billion bushels, down 1% on the month, with a slight increase in average yield to 47.2 bushels per acre and a modest reduction in harvested area to 82.429 million acres. In 2014, U.S. soybean production was 3.927 billion bushels with an average yield of 47.5 bushels per acre and harvested area of 82.591 million acres.

Breakdown and comparison of current corn and soybean production estimates for Brownfield states:

Illinois: Corn: 1.955 billion bushels, compared to 2.35 billion in 2014; average yield of 170 bushels per acre, compared to 173 a month ago and 200 a year ago; harvested area of 11.5 million acres, compared to 11.75 million last year; Soybeans: 530.82 million bushels, compared to 547.12 million in 2014; average yield of 54 bushels per acre, compared to 54 a month ago and 56 a year ago; harvested area of 9.83 million acres, compared to 9.77 million last year

Indiana: Corn: 848.64 million bushels, compared to 1.085 billion in 2014; average yield of 156 bushels per acre, compared to 156 a month ago and 188 a year ago; harvested area of 5.44 million acres, compared to 5.77 million last year; Soybeans: 284.58 million bushels, compared to 301.92 million in 2014; average yield of 51 bushels per acre, compared to 51 a month ago and 55.5 a year ago; harvested area of 5.58 million acres, compared to 5.44 million last year

Iowa: Corn: 2.416 billion bushels, compared to 2.367 billion in 2014; average yield of 183 bushels per acre, compared to 181 a month ago and 178 a year ago; harvested area of 13.2 million acres, compared to 13.3 million last year; Soybeans: 520.46 million bushels, compared to 498.27 million in 2014; average yield of 53 bushels per acre, compared to 53 a month ago and 51 a year ago; harvested area of 9.82 million acres, compared to 9.77 million last year

Michigan: Corn: 341.515 million bushels, compared to 355.81 million in 2014; average yield of 167 bushels per acre, compared to 164 a month ago and 161 a year ago; harvested area of 2.045 million acres, compared to 2.21 million last year; Soybeans: 93.84 million bushels, compared to 86.7 million in 2014; average yield of 46 bushels per acre, compared to 47 a month ago and 42.5 a year ago; harvested area of 2.04 million acres, unchanged from last year

Minnesota: Corn: 1.426 billion bushels, compared to 1.178 billion in 2014; average yield of 184 bushels per acre, compared to 183 a month ago and 156 a year ago; harvested area of 7.75 million acres, compared to 7.55 million last year; Soybeans: 363.84 million bushels, compared to 301.705 million in 2014; average yield of 48 bushels per acre, compared to 47 a month ago and 41.5 a year ago; harvested area of 7.58 million acres, compared to 7.27 million last year

Missouri: Corn: 469.35 million bushels, compared to 628.68 million in 2014; average yield of 149 bushels per acre, compared to 150 a month ago and 186 a year ago; harvested area of 3.15 million acres, compared to 3.38 million last year; Soybeans: 189.42 million bushels, compared to 259.935 million in 2014; average yield of 41 bushels per acre, compared to 40 a month ago and 46.5 a year ago; harvested area of 4.62 million acres, compared to 5.59 million last year

Nebraska: Corn: 1.656 billion bushels, compared to 1.602 billion in 2014; average yield of 184 bushels per acre, compared to 184 a month ago and 179 a year ago; harvested area of 9 million acres, compared to 8.95 million last year; Soybeans: 291.2 million bushels, compared to 287.82 million in 2014; average yield of 56 bushels per acre, compared to 56 a month ago and 54 a year ago; harvested area of 5.2 million acres, compared to 5.33 million last year

Ohio: Corn: 537.9 million bushels, compared to 610.72 million in 2014; average yield of 165 bushels per acre, compared to 163 a month ago and 176 a year ago; harvested area of 3.26 million acres, compared to 3.47 million last year; Soybeans: 239.5 million bushels, compared to 246.225 million in 2014; average yield of 50 bushels per acre, compared to 48 a month ago and 52.5 a year ago; harvested area of 4.79 million bushels, compared to 4.69 million last year

South Dakota: Corn: 796.95 million bushels, compared to 787.36 million in 2014; average yield of 161 bushels per acre, compared to 159 a month ago and 148 a year ago; harvested area of 4.95 million acres, compared to 5.32 million last year; Soybeans: 235.06 million bushels, compared to 229.95 million in 2014; average yield of 46 bushels per acre, compared to 46 a month ago and 45 a year ago; harvested area of 5.11 million acres, unchanged from last year

Wisconsin: Corn: 501.84 million bushels, compared to 485.16 million in 2014; average yield of 164 bushels per acre, compared to 162 a month ago and 156 a year ago; harvested area of 3.06 million acres, compared to 3.11 million last year; Soybeans: 89.28 million bushels, compared to 78.76 million in 2014; average yield of 48 bushels per acre, compared to 48 a month ago and 44 a year ago; harvested area of 1.86 million acres, compared to 1.79 million last year