USDA Report: Corn/Soybeans
CORN
Corn production is forecast at 12.0 billion bushels, down slightly from the October forecast and 8 percent below 2007. Based on conditions as of November 1, yields are expected to average 153.8 bushels per acre, down 0.1 bushel from October but 2.7 bushels above last year. If realized, this will be the second highest yield on record, behind 2004, and production will be the second largest, behind last year.
SOYBEANS
Soybean production is forecast at 2.92 billion bushels, down less than 1 percent from the October forecast but up 9 percent from last year. If realized, this will be the fourth largest production on record. Based on November 1 conditions, yields are expected to average 39.3 bushels per acre, down 0.2 bushel from October 1 and down 2.4 bushels from 2007.
Corn production is forecast at 12.0 billion bushels, down slightly from the October forecast and 8 percent below 2007. Based on conditions as of November 1, yields are expected to average 153.8 bushels per acre, down 0.1 bushel from October but 2.7 bushels above last year. If realized, this will be the second highest yield on record, behind 2004, and production will be the second largest, behind last year.
SOYBEANS
Soybean production is forecast at 2.92 billion bushels, down less than 1 percent from the October forecast but up 9 percent from last year. If realized, this will be the fourth largest production on record. Based on November 1 conditions, yields are expected to average 39.3 bushels per acre, down 0.2 bushel from October 1 and down 2.4 bushels from 2007.
