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USDA: U.S. corn yield set at 10.7 billion

By Staff | Nov 9, 2012

IOWA

Corn production is forecast at 1.9 billion bushels for Iowa, down 19 percent from last year.

Based on conditions as of Nov. 1, Iowas 2012 corn for grain yield was forecast at 139 bushels per acre, down 1 bushel per acre from the October forecast.

As of Oct. 28, 95 percent of corn acres had been harvested, one month ahead of the five-year average.

Soybean production is forecast at 409 million bushels, down 14 percent from last year.

Based on Nov. 1 conditions, yields are expected to average 44 bushels per acre, up 1 bushel per acre from last month, but down 7.5 bushels per acre from 2011.

As of Oct. 28, 97 percent of soybean acres had been harvested, two weeks ahead of the average pace.

UNITED STATES

Corn production is forecast at 10.7 billion bushels, up slightly from the October forecast, but down 13 percent from 2011.

This represents the lowest production in the United States since 2006.

Based on conditions as of Nov. 1, yields are expected to average 122.3 bushels per acre, up 0.3 bushel from the October forecast, but 24.9 bushels below the 2011 average.

If realized, this will be the lowest average yield since 1995. Area harvested for grain is forecast at 87.7 million acres, unchanged from the October forecast and up 4 percent from 2011.

Soybean production is forecast at 2.97 billion bushels, up 4 percent from October, but down 4 percent from last year.

Based on Nov. 1 conditions, yields are expected to average 39.3 bushels per acre, up 1.5 bushels from last month, but down 2.6 bushels from last year.

Compared with last month, yield forecasts are higher or unchanged across all states except for Oklahoma and Texas.

Area for harvest is forecast at 75.7 million acres, unchanged from October and up 3 percent from last year.

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