Friday’s USDA Crop Production Report showed corn production is forecast at 15.2 billion bushels, up less than one percent from the previous forecast, but down one percent from last year. Soybean growers are expected to increase their production by ten percent from 2023, with the forecast at 4.58 billion bushels. Based on conditions as of October 1, corn yields are expected to average 183.8 bushels per harvested acre, up 0.2 bushels from the previous forecast and 6.5 bushels higher than last year. Soybean yields are predicted to average 53.1 bushels an acre, down fractionally from the previous forecast but up 2.5 bushels from 2023. The report also included a production forecast for U.S. cotton. The all-cotton production is forecast at 14.2 million 480-pound bales, down two percent from the previous forecast, but up 18 percent from 2023. Yields are expected to average 789 pounds per harvested acre, 18 pounds below September.
U.S. corn production up while soybean production drops
