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USDA lowers corn, soybean crops, tightens ending stocks

The USDA has trimmed projections for 2020 U.S. corn and soybean production and ending stocks.

As of November 1st, corn is estimated at 14.507 billion bushels, down 1% from October, with an average yield of 175.8 bushels per acre, a decline of 2.6 on the month, with ending stocks of 1.702 billion bushels, a cut of 465 million on that lower production guess and strong export demand. Harvested area is seen at 82.527 million acres, steady with the previous estimate. In 2019, production was 13.62 billion bushels with an average yield of 167.5 bushels per acre and harvested area of 81.337 million acres.

Soybeans are pegged at 4.170 billion bushels, 2% less than last month, with an average yield of 50.7 bushels per acre, 1.2 lower than a month ago, with ending stocks of 190 million bushels, 100 million less than in October because of the reduced crop size, as exports were left unchanged. Harvested area is expected to be 82.289 million acres, steady on the month. Last year, the crop totaled 3.552 billion bushels with an average yield of 47.4 bushels per acre and harvested area of 74.939 million acres.

The USDA’s next set of supply, demand, and production estimates is out December 10th.

Comparisons for Brownfield states:

Arkansas: Corn: 109.505 million bushels, compared to 128.625 million in 2019; average yield of 181 bushels per acre, compared to 183 a month ago and 175 a year ago; harvested area of 605,000 acres, compared to 705,000 last year; Soybeans: 139 million bushels, compared to 127.89 million in 2019; average yield of 50 bushels per acre, compared to 49 a month ago and 49 a year ago; harvested area of 2.78 million acres, compared to 2.61 million last year

Illinois: Corn: 2.184 billion bushels, compared to 1.846 billion in 2019; average yield of 195 bushels per acre, compared to 200 a month and 181 a year ago; harvested area of 11.2 million bushels, compared to 10.2 million last year; Soybeans: 594.5 million bushels, compared to 532.44 million in 2019; average yield of 58 bushels per acre, compared to 60 a month ago and 54 a year ago; harvested area of 10.25 million acres, compared to 9.86 million last year

Indiana: Corn: 992.25 million bushels, compared to 814.58 million in 2019; record average yield of 189 bushels per acre, compared to 189 a month ago and 169 a year ago; harvested area of 5.25 million acres, compared to 4.82 million last year; Soybeans: 329.44 million bushels, compared to 273.36 million in 2019; record average yield of 58 bushels per acre, compared to 60 a month ago and 51 a year ago; harvested area of 5.68 million acres, compared to 5.36 million last year

Iowa: Corn: 2.337 billion bushels, compared to 2.584 billion in 2019; average yield of 184 bushels per acre, compared to 186 a month ago and 198 a year ago; harvested area of 12.7 million acres, compared to 13.05 million last year; Soybeans: 503.28 million bushels, compared to 501.6 million in 2019; average yield of 54 bushels per acre, compared to 56 a month ago and 55 a year ago; harvested area of 9.32 million acres, compared to 9.12 million last year

Michigan: Corn: 316.8 million bushels, compared to 236.67 million in 2019; average yield of 160 bushels per acre, compared to 167 a month ago and 147 a year ago; harvested area of 1.98 million acres, compared to 1.61 million last year; Soybeans: 105.12 million bushels, compared to 69.66 million in 2019; average yield of 48 bushels per acre, compared to 48 a month ago and 40.5 a year ago; harvested area of 2.19 million acres, compared to 1.72 million last year

Minnesota: Corn: 1.525 billion bushels, compared to 1.254 billion in 2019; record average yield of 202 bushels per acre, compared to 202 a month ago and 173 a year ago; harvested area of 7.55 million acres, compared to 7.25 million last year; Soybeans: 373.83 million bushels, compared to 297.88 million in 2019; average yield of 51 bushels per acre, compared to 52 a month ago and 44 a year ago; harvested area of 7.33 million acres, compared to 6.77 million last year

Missouri: Corn: 551.1 million bushels, compared to 463.45 million in 2019; average yield of 167 bushels per acre, compared to 169 a month ago and 155 a year ago; harvested area of 3.3 million acres, compared to 2.99 million last year; Soybeans: 283.22 million bushels, compared to 230.46 million in 2019; average yield of 49 bushels per acre, compared to 50 a month ago and 46 a year ago; harvested area of 5.78 million acres, compared to 5.01 million last year

Nebraska: Corn: 1.819 billion bushels, compared to 1.785 billion in 2019; average yield of 185 bushels per acre, compared to 187 a month ago and 182 a year ago; harvested area of 9.83 million acres, compared to 9.81 million last year; Soybeans: 298.7 million bushels, compared to 283.14 million in 2019; average yield of 58 bushels per acre, compared to 60 a month ago and 58.5 a year ago; harvested area of 5.15 million acres, compared to 4.84 million last year

Ohio: Corn: 554.4 million bushels, compared to 421.48 million in 2019; average yield of 168 bushels per acre, compared to 173 a month ago and 164 a year ago; harvested area of 3.3 million acres, compared to 2.57 million last year; Soybeans: 263.52 million bushels, compared to 209.23 million in 2019; average yield of 54 bushels per acre, compared to 56 a month ago and 49 a year ago; harvested area of 4.88 million acres, compared to 4.27 million last year

South Dakota: Corn: 752.4 million bushels, compared to 557.28 million in 2019; record average yield of 165 bushels per acre, compared to 165 a month ago and 144 a year ago; harvested area of 4.56 million acres, compared to 3.87 million last year; Soybeans: 230.3 million bushels, compared to 146.2 million in 2019; average yield of 47 bushels per acre, compared to 48 a month ago and 42.5 a year ago; harvested area of 4.9 million acres, compared to 3.44 million last year

Tennessee: Corn: 135.3 million bushels, compared to 161.07 million in 2019; average yield of 165 bushels per acre, compared to 169 a month ago and 177 a year ago; harvested area of 820,000 acres, compared to 910,000 last year; Soybeans: 79.38 million bushels, compared to 64.39 million in 2019; average yield of 49 bushels per acre, compared to 48 a month ago and 47 a year ago; harvested area of 1.62 million acres, compared to 1.37 million last year

Wisconsin: Corn: 533.6 million bushels, compared to 443.22 million in 2019; record average yield of 184 bushels per acre, compared to 186 a month ago and 166 a year ago; harvested area of 2.9 million acres, compared to 2.67 million last year; Soybeans: 104.94 million bushels, compared to 79.43 million in 2019; average yield of 53 bushels per acre, compared to 55 a month ago and 47 a year ago; harvested area of 1.98 million acres, compared to 1.69 million last year

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