News

USDA expects record U.S. corn, soybean production

Very good conditions in many key U.S. growing areas are leading the USDA to project record corn and soybean production and yield estimates.

In the first survey based accounting of this year’s crop, corn is seen at 15.153 billion bushels with an average yield of 175.1 bushels per acre and harvested area of 86.550 million acres, while soybeans are pegged at 4.060 billion bushels with an average yield of 48.9 bushels per acre and harvested area of 83.037 million acres.

That supply increase pushed the new crop ending stocks estimate to 2.409 billion bushels, but the projection for soybeans was unchanged at 300 million bushels on expectations for strong demand.

The USDA also reduced its price outlook for next marketing year in response to the larger production figures.

This year’s wheat crop, all types, is expected to be 2.32 billion bushels with an average yield of 54.9 bushels per acre, both up sharply from last year, with very good growing conditions in most areas. Winter wheat is estimated at 1.657 billion bushels with an average yield of 54.9 bushels per acre and harvested area of 30.176 million acres. Spring wheat is pegged at 571.415 million bushels with an average yield of 48.3 bushels per acre and harvested area of 11.835 million acres.

Year to year comparisons of selected crops in the Brownfield coverage area:

Illinois: Corn: 2.3 billion bushels, compared to 2.013 billion in 2015; average yield of 200 bushels per acre, compared to 175 a year ago; harvested are of 11.5 million acres, unchanged from last year; Soybeans: 560.88 million bushels, compared to 544.32 million in 2015; average yield of 57 bushels per acre, compared to 56 a year ago; harvested area of 9.84 million acres, compared to 9.72 million last year; Winter Wheat: 39 million bushels, compared to 33.8 million in 2015; average yield of 75 bushels per acre, compared to 75 a month ago and 65 a year ago; harvested area of 520,000 acres, unchanged from last year

Indiana: Corn: 1.049 billion bushels, compared to 822.000 million in 2015; average yield of 187 bushels per acre, compared to 150 a year ago; harvested area of 5.6 million acres, compared to 5.48 million last year; Soybeans: 312.4 million bushels, compared to 275 million in 2015; average yield of 55 bushels per acre, compared to 50 a year ago; harvested area of 5.68 million acres, compared to 5.5 million last year; Winter Wheat: 25.6 million bushels, compared to 17.68 million in 2015; average yield of 80 bushels per acre, compared to 76 a month ago and 68 a year ago; harvested area of 320,000 acres, compared to 260,000 last year

Iowa: Corn: 2.679 billion bushels, compared to 2.506 billion in 2015; average yield of 197 bushels per acre, compared to 192 a year ago; harvested area of 13.6 million acres, compared to 13.05 million last year; Soybeans: 550.05 million bushels, compared to 553.7 million in 2015; average yield of 57 bushels per acre, compared to 56.5 a year ago; harvested area of 9.65 million acres, compared to 9.8 million last year;

Michigan: Corn: 328.32 million bushels, compared to 335.34 million in 2015; average yield of 152 bushels per acre, compared to 162 a year ago; harvested area of 2.16 million acres, compared to 2.07 million last year; Soybeans: 96.3 million bushels, compared to 98.98 million in 2015; average yield of 45 bushels per acre, compared to 49 a year ago; harvested area of 2.14 million acres, compared to 2.02 million last year; Winter Wheat: 47.31 million bushels, compared to 38.475 million in 2015; average yield of 83 bushels per acre, compared to 81 a month ago and 81 a year ago; harvested area of 570,000 acres, compared to 475,000 last year

Minnesota: Corn: 1.472 billion bushels, compared to 1.429 billion in 2015; average yield of 184 bushels per acre, compared to 188 a year ago; harvested area of 8 million acres, compared to 7.8 million last year; Soybeans: 364.25 million bushels, compared to 377.5 million in 2015; average yield of 47 bushels per acre, compared to 50 a year ago; harvested area of 7.75 million acres, compared to 7.55 million last year; Spring Wheat: 81 million bushels, compared to 85.8 million in 2015; average yield of 60 bushels per acre, compared to 63 a month ago and 60 a year ago; harvested area of 1.35 million acres, compared to 1.43 million last year

Missouri: Corn: 589.3 million bushels, compared to 437.36 million in 2015; average yield of 166 bushels per acre, compared to 142 a year ago; harvested area of 3.55 million acres, compared to 3.08 million last year; Soybeans: 264 million bushels, compared to 181.44 million in 2015; average yield of 48 bushels per acre, compared to 40.5 a year ago; harvested area of 5.5 million acres, compared to 4.48 million last year; Winter Wheat: 42 million bushels, compared to 32.33 million in 2015; average yield of 70 bushels per acre, compared to 69 a month ago and 53 a year ago; harvested area of 600,000 acres, compared to 610,000 last year

Nebraska: Corn: 1.758 billion bushels, compared to 1.693 billion in 2015; average yield of 187 bushels per acre, compared to 185 a year ago; harvested area of 9.4 million acres, compared to 9.15 million last year; Soybeans: 309.75 million bushels, compared to 305.66 million in 2015; average yield of 59 bushels per acre, compared to 58 a year ago; harvested area of 5.25 million acres, compared to 5.27 million last year; Winter Wheat: 63.6 million bushels, compared to 45.98 million in 2015; average yield of 53 bushels per acre, compared to 50 a month ago and 38 a year ago; harvested area of 1.2 million acres, compared to 1.21 million last year

Ohio: Corn: 536.27 million bushels, compared to 498.78 million in 2015; average yield of 163 bushels per acre, compared to 153 a year ago; harvested area of 3.29 million acres, compared to 3.26 million last year; Soybeans: 249.08 million bushels, compared to 237 million in 2015; average yield of 52 bushels per acre, compared to 50 a year ago; harvested area of 4.79 million acres, compared to 4.74 million last year; Winter Wheat: 42.35 million bushels, compared to 32.16 million in 2015; average yield of 77 bushels per acre, compared to 76 a month ago and 67 a year ago; harvested area of 550,000 acres, compared to 480,000 last year

South Dakota: Corn: 779.1 million bushels, compared to 799.77 million in 2015; average yield of 147 bushels per acre, compared to 159 a year ago; harvested area of 5.3 million acres, compared to 5.03 last year; Soybeans: 204.54 million bushels, compared to 235.52 million in 2015; average yield of 42 bushels per acre, compared to 46 a year ago; harvested area of 4.87 million acres, compared to 5.12 million last year; Winter Wheat: 57.78 million bushels, compared to 42.68 million in 2015; average yield of 54 bushels per acre, compared to 54 a month ago and 44 a year ago; harvested area of 1.07 million acres, compared to 970,000 last year; Spring Wheat: 45.55 million bushels, compared to 60.48 million in 2015; average yield of 49 bushels per acre, compared to 48 a month ago and 48 a year ago; harvested area of 950,000 acres, compared to 1.26 million last year

Wisconsin: Corn: 553.6 million bushels, compared to 492 million in 2015; average yield of 173 bushels per acre, compared to 164 a year ago; harvested area of 3.2 million acres, compared to 3 million last year; Soybeans: 100.88 million bushels, compared to 92.565 million in 2015; average yield of 52 bushels per acre, compared to 49.5 a year ago; harvested area of 1.94 million acres, compared to 1.87 million last year; Winter Wheat: 21.2 million bushels, compared to 15.54 million in 2015; average yield of 80 bushels per acre, compared to 78 a month ago and 74 a year ago; harvested area of 265,000 acres, compared to 210,000 last year