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Last Updated: Nov 10th, 2008 - 10:14:52 |
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. Forecasted yields are higher than last year across the northern half of the Great Plains and northern and central Corn Belt. Yield prospects are lower than last year in the southern half of the Great Plains and Delta.
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.
Compared with October 1, yields are forecast lower or unchanged across the Corn Belt and Great Plains, with the exception of Illinois, Indiana, and Missouri. Yields increased from the October 1 forecast in Alabama, Arkansas, Tennessee, New York, and Virginia. Area for harvest in the U.S. is forecast at 74.4 million acres, unchanged from October 1 but up 16 percent from 2007.
All Cotton production is forecast at 13.5 million 480-pound bales, down 1 percent from last month and down 30 percent from last year. Yield is expected to average 837 pounds per harvested acre, down 12 pounds from last month and down 42 pounds from the record high yield in 2007. Upland cotton production is forecast at 13.1 million 480-pound bales, down 1 percent from last month and 29 percent below 2007.
Texas producers expect lower yields than last month, while producers in the Southeast are expecting increased yields. Upland growers in Alabama and New Mexico are expecting record high yields. American-Pima production is forecast at 459,000 bales, up 2 percent from last month but down 46 percent from last year.
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