News

USDA lowers corn, soybean production estimates

The USDA has lowered 2020 production outlooks for corn and soybeans.

Corn is projected at 14.722 billion bushels, less than 1% below the September estimate, but up 8% on the year with the yield seen at a record high 178.4 bushels per acre, down 0.1 on the month and up 10.9 on the year. Harvested area is seen at 82.527 million acres, compared to 83.473 million a month ago and 81.337 a year ago.

Soybeans are pegged at 4.268 billion bushels, 1% lower than last month but up 20% from last year, with a record average yield of 51.9 bushels per acre, steady with a month ago and up 4.5 from a year ago. Harvested area is expected to be 82.289 million acres, compared to 83.020 million in September and 74.939 million acres in 2019.

The cuts were larger than what analysts were expecting heading into the report.

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

Comparisons for Brownfield states:

Arkansas: Corn: 110.715 million bushels, compared to 128.625 million in 2019; average yield of 183 bushels per acre, compared to 181 a month ago and 175 a year ago; harvested area of 605,000 acres, compared to 735,000 last year; Soybeans: 136.22 million bushels, compared to 127.98 million in 2019; average yield of 49 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: 2.24 billion bushels, compared to 1.846 billion in 2019; average yield of 200 bushels per acre, compared to 203 a month ago and 181 a year ago; harvested area of 11.2 million acres, compared to 10.2 million last year; Soybeans: 615 million bushels, compared to 532.44 million in 2019; average yield of 60 bushels per acre, compared to 62 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 186 a month ago and 169 a year ago; harvested area of 5.25 million acres, compared to 4.82 million last year; Soybeans: 340.8 million bushels, compared to 273.36 million in 2019; record average yield of 60 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: 2.362 billion bushels, compared to 2.584 billion in 2019; average yield of 186 bushels per acre, compared to 191 a month ago and 198 a year ago; harvested area of 12.7 million acres, compared to 13.05 million last year; Soybeans: 521.92 million bushels, compared to 501.6 million in 2019; average yield of 56 bushels per acre, compared to 54 a month ago and 55 a year ago; harvested area of 9.32 million bushels, compared to 9.12 million last year

Michigan: Corn: 330.66 million bushels, compared to 236.67 million in 2019; record average yield of 167 bushels per acre, compared to 162 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 200 a month ago and 173 a year ago; harvested area of 7.55 million acres, compared to 7.25 million last year; Soybeans: 381.16 million bushels, compared to 297.88 million in 2019; record average yield of 52 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: 557.7 million bushels, compared to 463.45 million in 2019; average yield of 169 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: 289 million bushels, compared to 230.46 million in 2019; record average yield of 50 bushels per acre, compared to 51 a month ago and 46 a year ago; harvested area of 5.78 million acres, compared to 5.01 million last year

Nebraska: Corn: 1.838 billion bushels, compared to 1.785 billion in 2019; average yield of 187 bushels per acre, compared to 188 a month ago and 182 a year ago; harvested area of 9.83 million acres, compared to 9.81 million last year; Soybeans: 309 million bushels, compared to 283.14 million in 2019; average yield of 60 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: 570.9 million bushels, compared to 421.48 million in 2019; average yield of 173 bushels per acre, compared to 172 a month ago and 164 a year ago; harvested area of 3.3 million acres, compared to 2.57 million last year; Soybeans: 273.28 million bushels, compared to 209.23 million in 2019; record average yield of 56 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 168 a month ago and 144 a year ago; harvested area of 4.56 million bushels, compared to 3.87 million last year; Soybeans: 235.2 million bushels, compared to 146.2 million in 2019; average yield of 48 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: 138.58 million bushels, compared to 161.07 million in 2019; average yield of 169 bushels per acre, compared to 174 a month ago and 177 a year ago; harvested area of 820,000 acres, compared to 910,000 last year; Soybeans: 77.76 million bushels, compared to 64.39 million in 2019; average yield of 48 bushels per acre, compared to 50 a month ago and 47 a year ago; harvested area of 1.62 million acres, compared to 1.37 million last year

Wisconsin: Corn: 539.4 million bushels, compared to 443.22 million in 2019; record average yield of 186 bushels per acre, compared to 182 a month ago and 166 a year ago; harvested area of 2.9 million acres, compared to 2.67 million last year; Soybeans: 108.9 million bushels, compared to 79.43 million in 2019; record average yield of 55 bushels per acre, compared to 54 a month ago and 47 a year ago; harvested area of 1.98 million acres, compared to 1.69 million last year