|
|
|
Crop production forecast updatedIowa As of Nov. 1, Iowa's 2008 corn for grain yield was forecast at 172.0 bushels per acre, unchanged from Oct. 1. Production was forecast at 2.15 billion bushels, down 9 percent from last year. As of Nov. 2, Iowa producers had harvested 43 percent of the corn crop, below last year and the 5-year average of 77 percent and 79 percent, respectively. The Nov. 1 soybean yield forecast of 46.0 bushels per acre is unchanged from the Oct. 1 forecast, but down 6 bushels per acre from 2007. If realized, soybean production would be 441.6 million bushels, down from 448.8 million bushels last year. As of Nov. 2, soybean harvest was 93 percent complete, slightly behind last year but 5 percentage points behind the 5-year average of 98 percent. United States: Corn production is forecast at 12.0 billion bushels, down slightly from the October forecast and 8 percent below 2007. Based on conditions as of Nov. 1, yields are expected to average 153.8 bushels per acre, down 0.1 bushel from October but 2.7 bushels above last year. If realized, this will be the second highest yield on record, behind 2004, and production will be the second largest, behind last year. Forecasted yields are higher than last year across the northern half of the Great Plains and northern and central Corn Belt. Yield prospects are lower than last year in the southern half of the Great Plains and Delta. Soybean production is forecast at 2.92 billion bushels, down less than 1 percent from the October forecast but up 9 percent from last year. If realized, this will be the fourth largest production on record. Based on Nov. 1 conditions, yields are expected to average 39.3 bushels per acre, down 0.2 bushel from Oct. 1 and down 2.4 bushels from 2007. Compared with Oct. 1, yields are forecast lower or unchanged across the Corn Belt and Great Plains, with the exception of Illinois, Indiana, and Missouri. Yields increased from the Oct. 1 forecast in Alabama, Arkansas, Tennessee, New York, and Virginia. Area for harvest in the U.S. is forecast at 74.4 million acres, unchanged from Oct. 1 but up 16 percent from 2007. 11/17/08 Date: 11/11/08 Advertisement
Copyright/Privacy
Copyright 1995-2009. High Plains Publishers, Inc. All rights reserved. Any republishing of these pages, including electronic reproduction of the editorial archives or classified advertising, is strictly prohibited. If you have questions or comments you can reach us at High Plains Journal 1500 E. Wyatt Earp Blvd., P.O. Box 760, Dodge City, KS 67801 or call 1-800-452-7171. Email: webmaster@hpj.com |
Market Snapshot Inside Futures |
