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USDA November Crop Report: Corn Production Down 1% From October; Soybean Production Down Slightly
Released November, 9, 2007
Corn production is forecast at 13.2 billion bushels, down 1 percent from last month but 25 percent above 2006.
Based on conditions as of November 1, yields are expected to average 153.0 bushels per acre, down 1.7 bushels from October but 3.9 bushels above last year.
If realized, this yield would be the second highest on record, behind 2004.
Production would be the largest on record as producers expect to harvest the most corn acres for grain since 1933.
Forecast yields are lower than last month across the northern and western Corn Belt and adjacent areas of the Great Plains where actual harvest results are revealing that the impact of the hot, dry conditions during pollination was worse than initially expected.
Producers in the Ohio Valley, Tennessee Valley, and mid-Atlantic States reported higher yields than last month.
Soybean production is forecast at 2.59 billion bushels, down slightly from the October forecast and down 19 percent from last year's record high.
Based on November 1 conditions, yields are expected to average 41.3 bushels per acre, down 0.1 bushel from last month and down 1.4 bushels from last year.
Compared with last month, yields are forecast higher in Indiana, Michigan, Texas, and most of the Mid-Atlantic region as producers are realizing higher yields than expected.
In contrast, yield prospects decreased or were unchanged across the remainder of the Nation as harvest progressed.
Area for harvest in the U.S. is forecast at 62.8 million acres, unchanged from last month but down 16 percent from 2006.
Complete USDA November Crop Report
USDA November World Ad Supply/Demand Estimates Report
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