News

USDA trims 2024 corn, soybean crop outlooks

The USDA has lowered its expectations for this year’s corn and soybean crops.

Corn production is now pegged at 15.143 billion bushels, less than 1% below the October guess on a 0.7 bushel cut in the still record large average yield estimate of 183.1 bushels per acre. Harvested area was steady with last month at 82.71 million acres.

In 2023, production was 15.341 billion bushels with an average yield of 177.3 bushels per acre and harvested area of 86.506 million acres.

Soybean production is expected to be 4.461 billion bushels, a decrease of 3% on the month, also due to a 1.4-bushel reduction in the yield projection to 51.7 bushels per acre. Harvested area held at 86.271 million acres.

Last year, soybean production totaled 4.162 billion bushels with an average yield of 50.6 bushels per acre on harvested area of 82.271 million acres.

The USDA’s next round of supply, demand, and production numbers is out December 10^th.

Comparisons for Brownfield states:

Arkansas: Corn: 90.21 million bushels, compared to 151.89 million in 2023; Average Yield: 186 bushels per acre, compared to 186 a month ago and 183 a year ago; Harvested Area: 485,000 acres, compared to 830,000 last year

Soybeans: 166.1 million bushels, compared to 159.3 million in 2023; Average Yield: RECORD 55 bushels per acre, compared to 55 a month ago and 54 a year ago; Harvested Area: 3.02 million acres, compared to 2.95 million last year

Illinois: Corn: 2.322 billion bushels, compared to 2.276 billion in 2023; Average Yield: RECORD 218 bushels per acre, compared to 222 a month ago and 206 a year ago; Harvested Area: 10.65 million acres, compared to 11.05 million last year

Soybeans: 698.75 million bushels, compared to 648.9 million in 2023; Average Yield: RECORD 65 bushels per acre, compared to 67 a month ago and 63 a year ago; Harvested Area: 10.75 million acres, compared to 10.3 million last year

Indiana: Corn: 1.058 billion bushels, compared to 1.078 billion in 2023; Average Yield: RECORD 209 bushels per acre, compared to 202 a month ago and 203 a year ago; Harvested Area: 5.06 million acres, compared to 5.31 million last year

Soybeans: 358.36 million bushels, compared to 334.28 million in 2023; Average Yield: RECORD 62 bushels per acre, compared to 60 a month ago and 61 a year ago; Harvested Area: 5.78 million acres, compared to 5.48 million last year

Iowa: Corn: 2.631 billion bushels, compared to 2.523 billion in 2023; Average Yield: RECORD 213 bushels per acre, compared to 214 a month ago and 201 a year ago; Harvested Area: 12.35 million acres, compared to 12.55 million last year

Soybeans: 608.17 million bushels, compared to 573.04 million in 2023; Average Yield: 61 bushels per acre, compared to 64 a month ago and 58 a year ago; Harvested Area: 9.97 million acres, compared to 9.88 million last year

Kansas: Corn: 800.4 million bushels, compared to 612.85 million in 2023; Average Yield: 138 bushels per acre, compared to 138 a month ago and 119 a year ago; Harvested Area: 5.8 million acres, compared to 5.15 million last year

Soybeans: 170.24 million bushels, compared to 103.48 million in 2023; Average Yield: 38 bushels per acre, compared to 39 a month ago and 26 a year ago; Harvested Area: 4.48 million bushels, compared to 3.98 million last year

Kentucky: Corn: 230.4 million bushels, compared to 280.5 million in 2023; Average Yield: 180 bushels per acre, compared to 186 a month ago and 187 a year ago; Harvested Area: 1.28 million acres, compared to 1.5 million last year

Soybeans: 97.92 million bushels, compared to 100.1 million in 2023; Average Yield: 48 bushels per acre, compared to 51 a month ago and 55 a year ago; Harvested Area: 2.04 million acres, compared to 1.82 million last year

Michigan: Corn: 340.1 million bushels, compared to 346.08 million in 2023; Average Yield: RECORD 179 bushels per acre, compared to 179 a month ago and 168 a year ago; Harvested Area: 1.9 million acres, compared to 2.06 million last year

Soybeans: 111.18 million bushels, compared to 92.92 million in 2023; Average Yield: RECORD 51 bushels per acre, compared to 52 a month ago and 46 a year ago; Harvested Area: 2.18 million acres, compared to 2.02 million last year

Minnesota: Corn: 1.4 billion bushels, compared to 1.543 billion in 2023; Average Yield: 183 bushels per acre, compared to 183 a month ago and 185 a year ago; Harvested Area: 7.65 million acres, compared to 8.18 million last year

Soybeans: 337.18 million bushels, compared to 349.44 million in 2023; Average Yield: 46 bushels per acre, compared to 48 a month ago and 48 a year ago; Harvested Area: 7.33 million acres, compared to 7.28 million last year

Missouri: Corn: 593.32 million bushels, compared to 561.51 million in 2023; Average Yield: 182 bushels per acre, compared to 185 a month ago and 153 a year ago; Harvested Area: 3.26 million acres, compared to 3.67 million last year

Soybeans: 274.01 million bushels, compared to 264.96 million in 2023; Average Yield: 47 bushels per acre, compared to 51 a month ago and 48 a year ago; Harvested Area: 5.83 million acres, compared to 5.52 million last year

Nebraska: Corn: 1.882 billion bushels, compared to 1.729 billion in 2023; Average Yield: RECORD 194 bushels per acre, compared to 196 a month ago and 182 a year ago; Harvested Area: 9.7 million acres, compared to 9.5 million last year

Soybeans: 309.75 million bushels, compared to 266.77 million in 2023; Average Yield: 59 bushels per acre, compared to 59 a month ago and 51.5 a year ago; Harvested Area: 5.25 million acres, compared to 5.18 million last year

Ohio: Corn: 586.45 million bushels, compared to 673.2 million in 2023; Average Yield: 185 bushels per acre, compared to 183 a month ago and 198 a year ago; Harvested Area: 3.17 million acres, compared to 3.4 million last year

Soybeans: 261.56 million bushels, compared to 274.34 million in 2023; Average Yield: 52 bushels per acre, compared to 52 a month ago and 58 a year ago; Harvested Area: 5.03 million acres, compared to 4.73 million last year

South Dakota: Corn: 873.16 million bushels, compared to 854.24 million in 2023; Average Yield: RECORD 166 bushels per acre, compared to 163 a month ago and 152 a year ago; Harvested Area: 5.26 million acres, compared to 5.62 million last year

Soybeans: 243 million bushels, compared to 223.08 million in 2023; Average Yield: 45 bushels per acre, compared to 47 a month ago and 44 a year ago; Harvested Area: 5.4 million acres, compared to 5.07 million last year

Tennessee: Corn: 100.98 million bushels, compared to 153.97 million in 2023;
Average Yield: 153 bushels per acre, compared to 153 a month ago and 173 a year ago; Harvested Area: 660,000 acres, compared to 890,000 last year

Soybeans: 81 million bushels, compared to 80.07 million in 2023; Average Yield: 45 bushels per acre, compared to 47 a month ago and 51 a year ago; Harvested Area: 1.8 million acres, compared to 1.57 million last year

Wisconsin: Corn: 532.14 million bushels, compared to 552.64 million in 2033;
Average Yield: RECORD 181 bushels per acre, compared to 182 a month ago and 176 a year ago; Harvested Area: 2.94 million acres, compared to 3.14 million last year

Soybeans: 103.88 million bushels, compared to 105.06 million in 2023; Average Yield: 49 bushels per acre, compared to 53 a month ago and 51 a year ago; Harvested Area: 2.12 million acres, compared to 2.06 million last year