11-10-09 USDA Crop Production Report…

Crop Production - Washington, D.C. - Released November 10, 2009, by the National Agricultural Statistics Service (NASS) - Corn Production Down 1 Percent from October Forecast Soybean Production Up 2 Percent Cotton Production Down 4 Percent. Corn production is forecast at 12.9 billion bushels, down 1 percent from last month but 7 percent higher than 2008. Based on conditions as of November 1, yields are expected to average 162.9 bushels per acre, down 1.3 bushels from October but 9.0 bushels above last year. Despite the drop in yield from October, this yield will be the highest on record if realized. Total production will be second highest on record, only behind 2007. Within the Corn Belt, forecasted yields in Minnesota and Wisconsin increased, while Illinois, Iowa, and Michigan yields decreased.

Soybean production is forecast at a record high 3.32 billion bushels, up 2 percent from the October forecast and up 12 percent from last year. Based on November 1 conditions, yields are expected to average 43.3 bushels per acre, up 0.9 bushel from last month and up 3.6 bushels from 2008. If realized, this will be the highest U.S. yield on record. Compared with last month, yields are forecast higher or unchanged in all States except Arkansas, Georgia, Iowa, Mississippi, and Texas. Increases of 3 bushels are expected in Delaware, Indiana, Kansas, and Maryland. The largest decrease in yield from the October forecast is expected in Mississippi where excessive rain during October hindered yield expectations. If realized, the forecasted yield in Alabama, Kansas, Kentucky, Nebraska, Ohio, and Pennsylvania will be a record high and the forecasted yield in Georgia, Maryland, and North Carolina will tie the previous record high. Area for harvest in the U.S. is forecast at 76.6 million acres, unchanged from last month but up 3 percent from 2008.

All Cotton production is forecast at 12.5 million 480-pound bales, down 4 percent from last month and down 2 percent from last year. Upland cotton production is forecast at 12.1 million 480-pound bales, down 4 percent from last month and down 2 percent from last year. Forecasted yield in the Delta region decreased due to continual wet weather. Texas producers expect lower yields due to the effects of the cool, wet weather on the late planted crop. Upland growers in Georgia, North Carolina, and Oklahoma are expecting record high yields. The American-Pima production forecast, at 367,000 bales, was carried forward from the August 2009 forecast.

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