USDA Report Snapshot: Record soybean crop expected

USDA pegged soybean production at 4.59 billion bu., up 10% from 2023, using a record yield of 53.2 bu. per acre. Corn production is estimated at 15.1 billion bu., using a yield forecast of 183.1 bu. per acre.

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August 12, 2024 11:21 AM

U.S. Corn, Soybean and Cotton Production
Corn
	Production (bil. bu.)	Yield(bu. per acre)	Harvested acres (mil.)
USDA	15.147	183.1	82.710
Average est.	15.112	182.1	82.967
USDA July proj.	15.100	181.0	83.438

Soybeans
	Production (bil. bu.)	Yield(bu. per acre)	Harvested acres (mil.)
USDA	4.589	53.2	86.271
Average est.	4.469	52.5	85.110
USDA July proj.	4.435	52.0	85.261

Cotton
	Production (mil. bales)	Yield(lbs. per acre)	Harvested acres (mil.)
USDA	15.11	840	8.63
Average est.	17.02	NA	NA
USDA July proj.	17.00	844	9.67

U.S. Wheat Production

All wheat – billion bu.
USDA	1.982
Average est.	2.015
USDA July	2.008

Winter wheat – billion bu.
USDA	1.361
Average est.	1.343
USDA July	1.341

HRW wheat – million bu.
USDA	776
Average est.	765
USDA July	763

SRW wheat – million bu.
USDA	342
Average est.	344
USDA July	344

White winter wheat – million bu.
USDA	243
Average est.	234
USDA July	234

Other spring wheat – million bu.
USDA	544
Average est.	582
USDA July	578

Durum wheat – million bu.
USDA	77
Average est.	90
USDA July	89

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