Farms.com Home   Ag Industry News

Record soybean surge as US corn declines

Aug 13, 2024
By Farms.com

USDA forecasts mixed fortunes for major crops

 

The latest USDA report delivered by the National Agricultural Statistics Service (NASS) provides an update on the U.S. agricultural sector's outlook for 2024.

Corn production is anticipated to decrease by 1% to 15.1 billion bushels, while soybeans are projected to set a record with a 10% increase to 4.59 billion bushels.

Corn yields are notably high at a record-setting 183.1 bushels per acre, reflecting an increase of 5.8 bushels from last year. This achievement is seen across multiple states, with over two-thirds of the crop rated in good or excellent condition.

Soybeans also show promising prospects, with expected yields reaching a record 53.2 bushels per acre, indicating favorable growth conditions across major producing states.

Wheat producers have reasons to be optimistic as well, with overall production up 9% at 1.98 billion bushels. This includes a significant 30% increase in durum wheat and a solid performance in other spring wheat varieties.

Additionally, the cotton sector is experiencing a revival with a 25% production increase, although yield per acre has slightly decreased from the previous year.

As the agricultural community anticipates the September survey results, this report underscores the dynamic nature of crop production and its critical impact on both national and international food supplies.


Trending Video

Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.