USDA August Crop Production Report

On Tuesday, Aug. 12, USDA released their August Crop Production Report.

Highlights

Corn Production Up 12 Percent from 2019

Soybean Production Up 25 Percent from 2019

Winter Wheat Production Down 2 Percent from July Forecast

Corn production for grain is forecast at a record high 15.3 billion bushels, up 12 percent from 2019.

Based on conditions as of August 1, yields are expected to average a record high 181.8 bushels per harvested acre, up 14.4 bushels from last year.

Area harvested for grain is forecast at 84.0 million acres, unchanged from the June forecast, but up 3 percent from the previous year.

Soybean production for beans is forecast at 4.42 billion bushels, up 25 percent from 2019.

Based on conditions as of August 1, yields are expected to average a record high 53.3 bushels per harvested acre, up 5.9 bushels from 2019.

Area harvested for beans in the United States is forecast at 83.0 million acres, unchanged from the previous forecast but up 11 percent from 2019.