USDA: Corn and Soybean Production Higher, Cotton Lower

WASHINGTON, DC – USDA’s National Agricultural Statistics Service (NASS) released their October Crop Production Report on Tuesday, based on conditions as of October 1, 2021. Researchers believe the harvest for corn and soybeans will be greater than last year’s production, while the final U.S. cotton crop is expected to be smaller.

Corn production for grain is forecast at 15 billion bushels, up slightly from the previous forecast and up 6 percent from 2020. Yields are expected to average 176.5 bushels per harvested acre, up two-tenths of a bushel from the previous forecast and more than 5 bushels higher than last year.

Soybean production for beans is forecast at a record 4.45 billion bushels, up 2 percent from the previous forecast and 5 percent higher than last season. Yields are expected to average 51.5 bushels per harvested acre, up almost 1 bushel from the previous forecast and a half a bushel higher than in 2020.

All cotton production is forecast at 18 million bales, down 3 percent from the previous forecast, but up 23 percent from 2020. Yields are expected to average 871 pounds per harvested acre, down 24 pounds from the previous forecast but up 24 pounds from 2020. Upland cotton production is forecast at 17.7 million bales, down 3 percent from the previous forecast but up 26 percent from 2020. Pima cotton production is forecast at 353,000 bales, up 5 percent from the previous forecast but down 35 percent from 2020.
(SOURCE: All Ag News)