USDA’s National Agricultural Statistics Service forecasts U.S. Corn production at 12.3 billion bushels, down 1 percent from the October forecast and down 1 percent from 2010. If realized, this will be the fourth largest production total on record for the United States. Based on conditions as of November 1, yields are expected to average 146.7 bushels per acre, down 1.4 bushels from the October forecast and down 6.1 bushels from 2010. If realized, this will be the lowest average yield since 2003. Area harvested for grain is forecast at 83.9 million acres.
Soybean production is forecast at 3.05 billion bushels, down slightly from the October forecast and down 9 percent from last year. Based on November 1 conditions, yields are expected to average 41.3 bushels per acre, down 0.2 bushel from last month and down 2.2 bushels from last year. If realized, the average yield will be the second lowest since 2003. Area for harvest is forecast at 73.7 million acres, unchanged from October but down 4 percent from 2010.
All cotton production is forecast at 16.3 million 480-pound bales, down 2 percent from the October forecast and down 10 percent from last year. Yield is expected to average 794 pounds per harvested acre, down 18 pounds from last year. Upland cotton production is forecast at 15.6 million 480-pound bales, down 12 percent from 2010. American Pima production, forecast at 737,200 bales, was carried forward from last month.
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