The Crop Production report issued today by USDA’s National Agricultural Statistics Service (NASS) forecasted corn production up from 2024 and soybean production down from last year. Corn production is up 13% from last year, forecast at 16.7 billion bushels; soybean growers are expected to decrease their production 2% from 2024, forecast at 4.29 billion bushels..
Average corn yield is forecast at a record high 188.8 bushels per acre, up 9.5 bushels from last year. NASS also forecasts record high yields in Idaho, Illinois, Indiana, Iowa, Minnesota, Missouri, South Carolina, South Dakota, Tennessee, Virginia, and Wisconsin. As of Aug. 3, 73% of this year’s corn crop was reported in good or excellent condition, 6 percentage points above the same time last year.
Soybean yields are expected to average a record high 53.6 bushels per acre, up 2.9 bushels from 2024. If realized, the forecasted yields in Arkansas, Delaware, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Mississippi, Missouri, North Carolina, and Virginia will be record highs.
Source : usda.gov