News

USDA raises 2017 corn guess, lowers soybeans

The USDA has made modest adjustments to their 2017 corn and soybean production estimates.

As of October 1st, corn is expected to be 14.280 billion bushels, up 1% from September’s guess of 14.184 billion, with an average yield of 171.8 bushels per acre, compared to 169.9 last month. The USDA says 2017 currently has the third highest number of ears on record in the objective yield states of Illinois, Indiana, Iowa, Kansas, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin. If realized, record yields are expected in Michigan, Alabama, Georgia, Idaho, Kentucky, Louisiana, Mississippi, Pennsylvania, South Carolina, and Tennessee. Harvested area is seen at 83.119 million acres. In 2016, corn production was a record 15.148 billion bushels with an average yield of 174.6 bushels per acre and harvested area of 86.748 million acres.

Soybeans are pegged at 4.431 billion bushels, a new record, and while that is slightly less than September, it’s essentially the same when rounded, following a reduction in the average yield guess, from 49.9 bushels per acre in September to 49.5 in October. The pod count in the 11 objective yield states is expected to be down overall, with a year to year decline of more than 200 pods per square foot in Illinois, Iowa, Kansas, Minnesota, and Nebraska, against an increase in pod counts for Arkansas and Missouri. If realized, record yields would be achieved in Missouri, Arkansas, Delaware, Georgia, Kentucky, Maryland, Mississippi, New York, Pennsylvania, South Carolina, Tennessee, and Virginia. This year’s harvested area is expected to be 89.471 million acres. In 2016, U.S. soybean production was 4.296 billion bushels with an average yield of 52.0 bushels per acre and harvested area of 82.696 million acres.

Comparisons of corn and soybean production, yield, and acreage in Brownfield states: Illinois: Corn: 2.122 billion bushels, compared to 2.256 billion in 2016; average yield of 192 bushels per acre, up 3 from a month ago, but down 5 from a year ago; harvested area of 11.05 million acres, compared to 11.45 million last year; Soybeans: 600.78 million bushels, compared to 592.95 million in 2016; average yield of 57 bushels per acre, down 1 from a month ago and 2 from a year ago; harvested area of 10.54 million acres, compared to 10.05 million last year

Indiana: Corn: 903.06 million bushels, compared to 946.31 million in 2016; average yield of 173 bushels per acre, up 2 from a month ago and unchanged from a year ago; harvested area of 5.22 million acres, compared to 5.47 million last year; Soybeans: 326.7 million bushels, compared to 323.725 million in 2016; average yield of 55 bushels per acre, down 1 from a month ago and 2.5 from a year ago; harvested area of 5.94 million acres, compared to 5.63 million last year

Iowa: Corn: 2.464 billion bushels, compared to 2.741 billion in 2016; average yield of 191 bushels per acre, up 4 from a month ago, but down 12 from a year ago; harvested area of 12.9 million acres, compared to 13.5 million last year; Soybeans: 557.2 million bushels, compared to 566.4 million in 2016; average yield of 56 bushels per acre, down 1 from a month ago and 4 from a year ago; harvested acreage of 9.95 million acres, compared to 9.44 million last year

Michigan: Corn: 327.6 million bushels, compared to 320.28 million in 2016; average yield of 168 bushels per acre, down 1 from a month ago, but up 11 from a year ago; harvested area of 1.95 million acres, compared to 2.04 million last year; Soybeans: 111.72 million bushels, compared to 104.03 million in 2016; average yield of 49 per acre, up 1 from a month ago, but down 1.5 from a year ago; harvested area of 2.28 million acres, compared to 2.06 million last year

Minnesota: Corn: 1.408 billion bushels, compared to 1.544 billion in 2016; average yield of 184 bushels per acre, up 2 from a month ago, but down 9 from a year ago; harvested area of 7.65 million acres, compared to 8 million last year; Soybeans: 372.6 million bushels, compared to 389.48 million in 2016; average yield of 46 bushels per acre, down 1 from a month ago and 6 from a year ago; harvested area of 8.1 million acres, compared to 7.49 million last year

Missouri: Corn: 559 million bushels, compared to 570.5 million in 2016; average yield of 172 bushels per acre, up 8 from a month ago and 9 from a year ago; harvested area of 3.25 million acres, compared to 3.5 million last year; Soybeans: 290.08 million bushels, compared to 271.46 million in 2016; average yield of 49 bushels, unchanged from a month and a year ago; harvested area of 5.92 million acres, compared to 5.45 million last year

Nebraska: Corn: 1.683 billion bushels, compared to 1.7 billion in 2016; average yield of 181 bushels per acre, unchanged from a month ago and up 3 from a year ago; harvested area of 9.3 million acres, compared to 9.55 million last year; Soybeans: 316.4 million bushels, compared to 314.15 million in 2016; average yield of 46 bushels per acre, unchanged from a month ago and down 5 from a year ago; harvested area of 5.65 million acres, compared to 5.15 million last year

Ohio: Corn: 541.49 million bushels, compared to 524.7 million in 2016; average yield of 173 bushels per acre, unchanged from a month ago and up 14 from a year ago; harvested area of 3.13 million acres, compared to 3.3 million last year; Soybeans: 262.08 million bushels, compared to 263.78 million in 2016; average yield of 52 bushels per acre, down 2 from a month ago and 2.5 from a year ago; harvested area of 5.04 million acres, compared to 4.84 million last year

South Dakota: Corn: 771.75 million bushels, compared to 825.93 million in 2016; average yield of 147 bushels per acre, up 2 from a month ago, but down 14 from a year ago; harvested area of 5.25 million acres, compared to 5.13 million last year; Soybeans: 252.45 million bushels, compared to 255.915 million in 2016; average yield of 45 bushels per acre, unchanged from a month ago and down 4.5 from a year ago; harvested area of 5.61 million acres, compared to 5.17 million last year

Wisconsin: Corn: 483.8 million bushels, compared to 573.16 million in 2016; average yield of 164 bushels per acre, up 2 from a month ago, but down 14 from a year ago; harvested area of 2.95 million acres, compared to 3.22 million last year; Soybeans: 100.58 million bushels, compared to 107.25 million in 2016; average yield of 47 bushels per acre, down 1 from a month and 8 from a year ago; harvested area of 2.14 million acres, compared to 1.95 million last year