Corn, Soy Production Up Slightly from September Forecast

USAgNet - 10/13/2021

Corn production for grain is forecast at 15.0 billion bushels, up slightly from the previous forecast and up 6 percent from 2020. Based on conditions as of October 1, yields are expected to average 176.5 bushels per harvested acre, up 0.2 bushel from the previous forecast and up 5.1 bushels from last year. After a thorough review of all available data, acreage estimates are unchanged from last month. Total planted area, at 93.3 million acres, is unchanged from the previous estimate, but up 3 percent from the previous year. Area harvested for grain, forecast at 85.1 million acres, is unchanged from the previous forecast but up 3 percent from the previous year.

Soybean production for beans is forecast at a record 4.45 billion bushels, up 2 percent from the previous forecast and up 5 percent from 2020. Based on conditions as of October 1, yields are expected to average 51.5 bushels per harvested acre, up 0.9 bushel from the previous forecast and up 0.5 bushel from 2020. After a thorough review of all available data acreage estimates are unchanged from last month. Total planted area, at 87.2 million acres, is unchanged from the previous estimate, but up 5 percent from the previous year. Area harvested for beans, forecast at 86.4 million acres, is unchanged from the previous forecast but up 5 percent from the previous year.


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