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U.S. Corn and Soybean Production
Corn production is forecast at 12.9 billion bushels, up 4% from 2010. If realized, this will be the third largest production total on record for the U.S. Based on conditions as of Aug. 1, yields are expected to average 153 bu./acre, up 0.2 bu. from 2010, and the fourth highest yield on record. Acreage planted for all purposes is estimated at 92.3 million acres, unchanged from the June estimate. Area harvested for grain is forecast at 84.4 million acres, down less than 1% from June but up 4% from 2010.
Soybean production is forecast at 3.06 billion bushels, down 8% from last year. Based on Aug. 1 conditions, yields are expected to average 41.4 bu./acre, down 2.1 bu. from last year. Area for harvest in the U.S. is forecast at 73.8 million acres, down less than 1% from June and down 4% from 2010. Planted area for the nation is estimated at 75.0 million acres, down fractionally from June.