U.S.D.A. lowers corn, soybean estimates from October
November 10, 2008
by FoodBusinessNews.net Staff
WASHINGTON — The U.S. Department of Agriculture in its November Crop Production report estimated 2008 U.S. corn production at 12,021 million bus, down slightly from the October projection and down 8% from the record outturn of 13,074 million bus in 2007.
Soybean production in 2008 was estimated at 2,920 million bus, down less than 1% from October but up 9% from 2,676 million bus last year.
Average corn yield based on Nov. 1 conditions was estimated at 153.8 bus an acre, down 0.1 bus from October but up 2.7 bus per acre from last year. If realized, the 2009 average yield would be the second-highest yield on record behind 2004 and production would be second only to last year’s record outturn. Harvest area was estimated at 78.2 million acres, down 8.4 million acres from 2007.
"Forecast yields are higher than last year across the northern half of the Great Plains and northern and central Corn Belt," the U.S.D.A. said. "Yield prospects are lower than last year in the southern half of the Great Plains and Delta."
The average soybean yield was estimated at 39.3 bus per acre, down 0.2 bus from October and down 2.4 bus per acre from 2007. Area for harvest was estimated at 74.4 million acres, unchanged from October but up 16% from 2007. The 2009 crop was estimated to be the fourth largest on record.
"Compared with Oct. 1, (soybean) yields are forecast lower or unchanged across the Corn Belt and Great Plains with the exception of Illinois, Indiana and Missouri," the U.S.D.A. said.