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USDA corn crop guess up, soybeans down
The USDA has raised its outlook for the 2023 U.S. corn crop, while cutting the projection for soybeans.
As of September 1st, U.S. corn production is seen at 15.134 billion bushels, less than 1% above August, with a reduction in the yield guess, now at 173.8 bushels per acre, due to weather canceling out higher acreage totals following planted area revisions, with planted are at 94.868 million acres and harvested area at 87.096 million acres. In 2022, corn totaled 13.73 billion bushels with an average yield of 173.3 bushels per acre on planted area of 88.579 million acres and harvested area of 79.207 million acres.
That increase pushed new crop U.S. corn ending stocks higher, offsetting a modest cut in beginning stocks, or old crop ending stocks.
This year’s soybean crop is pegged at 4.146 billion bushels, 1% below last month with a lower yield estimate, now at 50.1 bushels per acre, outweighing slightly higher acreage totals, at 83.6 million acres for planted and 82.791 million acres for harvested. Last year, the soybean crop totaled 4.276 billion bushels with an average yield of 49.5 bushels per acre on planted area of 87.45 million acres and harvested area of 86.336 million acres.
New crop U.S. ending stocks were down on the month, even with the USDA lowering its export projection due to heavy competition from South America.
U.S. wheat ending stocks were unchanged.
The corn and soybean production numbers remain highly subject to change with harvest yet to start in some key growing areas.
The 2023/24 marketing year started June 1st for wheat and September 1st for beans and corn.
The USDA’s next set of production estimates is out October 12th.
Comparisons for Brownfield states:
Arkansas: Corn: 149.4 million bushels, compared to 120.235 million in 2022; Average Yield: 180 bushels per acre, compared to 180 a month ago and 173 a year ago; Harvested Area: 830,000 acres, compared to 695,000 last year
Soybeans: 156.35 million bushels, compared to 163.8 million in 2022; Average Yield: RECORD 43 bushels per acre, compared to 53 a month ago and 52 a year ago; Harvested Area: 2.95 million acres, compared to 3.15 million last year
Illinois: Corn: 2.178 billion bushels, compared to 2.268 billion in 2022; Average Yield: 198 bushels per acre, compared to 201 a month ago and 214 a year ago; Harvested Area: 11 million acres, compared to 10.6 million last year
Soybeans: TOP 628.3 million bushels, compared to 677.25 million in 2022; Average Yield: 61 bushels per acre, compared to 62 a month ago and 63 a year ago; Harvested Area: 10.3 million acres, compared to 10.75 million last year
Indiana: Corn: 1.044 billion bushels, compared to 974.7 million in 2022; Average Yield: 194 bushels per acre, compared to 195 a month ago and 190 a year ago; Harvested Area: 5.38 million acres, compared to 5.13 million last year
Soybeans: 328.8 million bushels, compared to 335.225 million in 2022; Average Yield: RECORD 60 bushels per acre, compared to 60 a month ago and 57.5 a year ago; Harvested Area: 5.48 million acres, compared to 5.83 million last year
Iowa: Corn: TOP: 2.52 billion bushels, compared to 2.48 billion in 2022; Average Yield: 200 bushels per acre, compared to 203 a month ago and 200 a year ago; Harvested Area: 12.6 million acres, compared to 12.4 million last year
Soybeans: 572.46 million bushels, compared to 586.755 million in 2022; Average Yield: 58 bushels per acre, compared to 58 a month ago and 58.5 a year ago; Harvested Area: 9.87 million acres, compared to 10.03 million last year
Kansas: Corn: 676.91 million bushels, compared to 510.6 million in 2022; Average Yield: 127 bushels per acre, compared to 124 a month ago and 115 a year ago; Harvested Area: 5.33 million acres, compared to 4.44 million last year
Soybeans: 127.6 million bushels, compared to 132.275 million in 2022; Average Yield: 29 bushels per acre, compared to 35 a month ago and 27.5 a year ago; Harvested Area: 4.4 million acres, compared to 4.81 million last year
Kentucky: Corn: 279 million bushels, compared to 210.6 million in 2022; Average Yield: 186 bushels per acre, compared to 186 a month ago and 156 a year ago; Harvested Area: 1.5 million acres, compared to 1.35 million last year
Soybeans: 100.24 million bushels, compared to 98.94 million in 2022; Average Yield: RECORD 56 bushels per acre, compared to 55 a month ago and 51 a year ago; Harvested Area: 1.79 million acres, compared to 1.94 million last year
Michigan: Corn: 354.65 million bushels, compared to 336 million in 2022; Average Yield: 173 bushels per acre, compared to 170 a month ago and 168 a year ago; Harvested Area: 2.05 million acres, compared to 2 million last year
Soybeans: 98.49 million bushels, compared to 105.28 million in 2022; Average Yield: 49 bushels per acre, compared to 46 a month ago and 47 a year ago Harvested Area: 2.01 million acres, compared to 2.24 million last year
Minnesota: Corn: 1.476 billion bushels, compared to 1.461 billion in 2022; Average Yield: 180 bushels per acre, compared to 183 a month ago and 195 a year ago; Harvested Area: 8.2 million acres, compared to 7.49 million last year
Soybeans: 349.44 million bushels, compared to 369.5 million in 2022; Average Yield: 48 bushels per acre, compared to 49 a month ago and 50 a year ago; Harvested Area: 7.28 million acres, compared to 7.39 million last year
Missouri: Corn: 532.15 million bushels, compared to 502.32 million in 2022; Average Yield: 145 bushels per acre, compared to 143 a month ago and 161 a year ago; Harvested Area: 3.67 million acres, compared to 3.12 million last year
Soybeans: 249.75 million bushels, compared to 275.73 million in 2022; Average Yield: 45 bushels per acre, compared to 45 a month ago and 45.5 a year ago; Harvested Area: 5.55 million acres, compared to 6.06 million last year
Nebraska: Corn: 1.697 billion bushels, compared to 1.455 billion in 2022; Average Yield: 177 bushels per acre, compared to 184 a month ago and 165 a year ago; Harvested Area: 9.59 million acres, compared to 8.82 million last year
Soybeans: 286 million bushels, compared to 278.32 million in 2022; Average Yield: 55 bushels per acre, compared to 58 a month ago and 49 a year ago; Harvested Area: 5.2 million acres, compared to 5.68 million last year
Ohio: Corn: 657.15 million bushels, compared to 594.66 million in 2022; Average Yield: RECORD 195 bushels per acre, compared to 191 a month ago and 187 a year ago; Harvested Area: 3.37 million acres, compared to 3.18 million last year
Soybeans: 274.34 million bushels, compared to 281.94 million in 2022; Average Yield: RECORD 58 bushels per acre, compared to 57 a month ago and 55.5 a year ago; Harvested Area: 4.73 million acres, compared to 5.08 million last year
South Dakota: Corn: 816.14 million bushels, compared to 661.32 million in 2022; Average Yield: 146 bushels per acre, compared to 145 a month ago and 132 a year ago; Harvested Area: 5.59 million acres, compared to 5.01 million last year
Soybeans: 217.15 million bushels, compared to 192.66 million in 2022; Average Yield: 43 bushels per acre, compared to 42 a month ago and 38 a year ago; Harvested Area: 5.05 million acres, compared to 5.07 million last year
Tennessee: Corn: 154.835 million bushels, compared to 103.35 million in 2022; Average Yield: 173 bushels per acre, compared to 172 a month ago and 130 a year ago; Harvested Area: 895,000 acres, compared to 795,000 last year
Soybeans: 78.5 million bushels, compared to 77.76 million in 2022; Average Yield: RECORD 50 bushels per acre, compared to 49 a month ago and 48 a year ago; Harvested Area: 1.57 million acres, compared to 1.62 million last year
Wisconsin: Corn: 511.5 million bushels, compared to 545.4 million in 2022; Average Yield: 165 bushels per acre, compared to 166 a month ago and 180 a year ago; Harvested Area: 3.1 million acres, compared to 3.03 million last year
Soybeans: 95.22 million bushels, compared to 116.1 million in 2022; Average Yield: 46 bushels per acre, compared to 50 a month ago and 54 a year ago; Harvested Area: 2.07 million acres, compared to 2.15 million last year
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