Aug. 1 Report: US Corn, Soybean to Set Records

Aug. 1 Report: US Corn, Soybean to Set Records

Based on August 1 conditions, US corn and soybean production are forecast  to hit record levels, according to the USDA's National Agricultural Statistics Service.

Corn production is estimated at 14.0 billion bushels, up 1% from 2013; average yield is estimated at of 167.4 bu/ac, up  8.6 bushels from 2013. If realized, this will be the highest production and yield on record.

Soybean production is forecast at a record 3.82 billion bushels, up 16% from last year. Based on August 1 conditions, yields are expected to average a record high 45.4 bushels per acre, up 2.1 bushels from last year. US area for
harvest is forecast at a record 84.1 million acres, unchanged from June but up 11% from last year.

Nebraska's 2014 corn crop is forecast at 1.51 billion bushels, down 7% from last year. Acreage harvested for grain is estimated at 8.75 million acres, down 8% from a year ago. Average yield is forecast at 173 bushels per acre, up 3 bushels from last year and the second highest on record.

Soybean production in Nebraska is forecast at 278 million bushels, 10% above last year. Area for harvest, at 5.35 million acres, is up 12% from 2013. Yield is forecast at 52 bushels per acre, down 2 bushels from last year.

Nebraska's 2014 winter wheat crop is forecast at 63.0 million bushels, up 59% from last year. Harvested area for grain, at 1.40 million acres, is up 24% from a year ago. Average yield is forecast at 45 bushels per acre, up 10 bushels per acre from 2013.

Nationally, all wheat production, at 2.03 billion bushels, is up 2% from the July forecast but down 5% from 2013. Based on August 1 conditions, US yield is forecast at 43.9 bushels per acre, up 0.8 bushel from last month but
down 3.3 bushels from last year.

Sorghum production of 8.80 million bushels is down 6% from a year ago. Area for grain harvest of 100,000 acres, is down 29% from last year. Yield is forecast at 88 bushels per acre, up 21 bushels from last year.

Oat production is forecast at 3.24 million bushels, up 3% from last month and the largest since 2005. Harvested area for grain, at 45,000 acres is up 20,000 acres from last year. Yield is forecast at 72 bushels per acre, up 7 bushels from 2013.

Dry edible bean production is forecast at 2.4 million cwt, down 13% from last year. The average yield is forecast at 2,000 pounds per acre, down 350 pounds from last year. Acres planted by class are as follows: Pinto, 58,000; Great Northern, 56,000; Light Red Kidney, 11,000; Black, 3,000; All Other, 2,000.

Sugarbeet production is forecast at 1.24 million tons, down 5% from 2013. Area for harvest, at 46,000 acres, is up 4% from last year. Yield is estimated at 27 tons per acre, down 2.7 tons from a year ago.

Alfalfa hay production is forecast at 2.88 million tons, up 19% from last year. Expected yield, at 4.00 tons per acre, is up 0.55 ton from last year. All other hay production is forecast at 2.48 million tons, down 2% from last year. Expected yield, at 1.50 tons per acre, is up 0.1 ton from last year.