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Crop Production: Corn Up 1%, Soybeans, Cotton Both Lowered – USDA

Ernst Undesser
From USDA October 12, 2017

Crop Production: Corn Up 1%, Soybeans, Cotton Both Lowered – USDA

©Debra L Ferguson Stock Images

Corn production is forecast at 14.3 billion bushels, down 6 percent from last year but up 1 percent from the September forecast. Based on conditions as of October 1, yields are expected to average 171.8 bushels per acre, up 1.9 bushels from the September forecast but down 2.8 bushels from 2016. If realized, this will be the second highest yield and production on record for the United States.

Area harvested for grain is forecast at 83.1 million acres, down less than 1 percent from the previous estimate and down 4 percent from 2016. Acreage updates were made in several States based on a thorough review of all available data.

Soybean production is forecast at a record 4.43 billion bushels, down slightly from September but up 3 percent from last year. Based on October 1 conditions, yields are expected to average 49.5 bushels per acre, down 0.4 bushel from last month and down 2.5 bushels from last year.

Area for harvest in the United States is forecast at a record high 89.5 million acres, up 1 percent from September and up 8 percent from 2016. Acreage updates were made in several States based on a thorough review of all available data.

All cotton production is forecast at 21.1 million 480-pound bales, down 3 percent from September but up 23 percent from last year. Yield is expected to average 889 pounds per harvested acre, down 19 pounds from last month but up 22 pounds from last year.

If realized, the cotton yield forecast for the Nation will be the second highest yield on record. Upland cotton production is forecast at 20.4 million 480-pound bales, up 23 percent from 2016. Pima cotton production, forecast at 727,000 bales, was carried forward from last month.

The United States all orange forecast for the 2017-2018 season is 4.34 million tons, down 16 percent from the 2016-2017 final utilization. The Florida all orange forecast, at 54.0 million boxes (2.43 million tons), is down 21 percent from last season’s final utilization.

Early, midseason, and Navel varieties in Florida are forecast at 23.0 million boxes (1.04 million tons), down 30 percent from last season’s final utilization. The Florida Valencia orange forecast, at 31.0 million boxes (1.40 million tons), is down 13 percent from last season’s final utilization.

The California Navel orange forecast is 35.0 million boxes (1.40 million tons), down 11 percent from last season’s final utilization. The California Valencia orange forecast is 11.0 million boxes (440,000 tons), unchanged from last season’s final utilization. The Texas all orange forecast, at 1.65 million boxes (70,000 tons), is up 20 percent from last season’s final utilization.

Full report.

Ernst Undesser
From USDA October 12, 2017