Corn productionis forecast at 13.8 billion bushels, up less than 1% from the August forecast and up 28% from 2012. If realized, this will be a new record production for the United States. Based on conditions as of Sept. 1, corn yields are expected to average 155.3 bushels per acre, up 0.9 bushels from the August forecast and 31.9 bushels above the 2012 average. If realized, this will be the highest average yield since 2009. Area harvested for grain is forecast at 89.1 million acres, unchanged from the August forecast but up 2% from 2012.
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Soybean productionis forecast at 3.15 billion bushels, down 3% from August but up 4% from last year. If realized, production will be the fourth largest on record. Based on Sept. 1 conditions, soybean yields are expected to average 41.2 bushels per acre, down 1.4 bushels from last month but up 1.6 bushels from last year. Area for harvest in the United States is forecast at 76.4 million acres, unchanged from August but up slightly from 2012.
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