U.S. growers are forecast to produce 13.7 billion bushels of corn this year, according to the Crop Production report issued today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Despite a 4 percent decrease from last year’s production, if realized, this will be the third largest production on record. Overall, across the United States growers planted 88.9 million acres to corn, unchanged from the previous NASS estimate, made in June. As of August 2, 70 percent of U.S. corn was reported to be in good or excellent condition, three percentage points below the same time last year.
U.S. soybean growers are also forecast to reduce their production this year. NASS forecasts U.S. soybean production of 3.92 billion bushels, down 1 percent from last year. If realized, despite the decrease, this will be the second largest U.S. soybean production on record. This year’s soybean yield, at 46.9 bushels per acre, is also forecast to be the second largest on record, down 0.9 bushels per acre from the record set in 2014.
Wednesday August 12, 2015/ USDA/ United States.