USDA October Crop Production Report Shows Bigger Pecan, Canola and Cotton Crops in Oklahoma in 2017Thu, 12 Oct 2017 14:36:05 CDT
Corn production is forecast at 14.3 billion bushels, down 6 percent from last year but up 1 percent from the September forecast. Based on conditions as of October 1, yields are expected to average 171.8 bushels per acre, up 1.9 bushels from the September forecast but down 2.8 bushels from 2016. If realized, this will be the second highest yield and production on record for the United States. Area harvested for grain is forecast at 83.1 million acres, down less than 1 percent from the previous estimate and down 4 percent from 2016. Acreage updates were made in several States based on a thorough review of all available data.
Soybean production is forecast at a record 4.43 billion bushels, down slightly from September but up 3 percent from last year. Based on October 1 condition s, yields are expected to average 49.5 bushels per acre, down 0.4 bushel from last month and down 2.5 bushels from last year. Area for harvest in the United States is forecast at a record high 89.5 million acres, up 1 percent from September and up 8 percent from 2016. Acreage updates were made in several States based on a thorough review of all available data.
All cotton production is forecast at 21.1 million 480-pound bales, down 3 percent from September but up 23 percent from last year. Yield is expected to average 889 pounds per harvested acre, down 19 pounds from last month but up 22 pounds from last year. If realized, the cotton yield forecast for the Nation will be the second highest yield on record. Upland cotton production is forecast at 20.4 million 480-pound bales, up 23 percent from 2016. Pima cotton production, forecast at 727,000 bales, was carried forward from last month.
The USDA leaves the 2017 Oklahoma Cotton crop unchanged in October versus the September prediction of 980,000 bales- the most cotton produced in a year in the state since the 1930s. Harvested acr3agfe is still expected to be 91% above 2016 at 550,000 acres, with the yield per acre left at 848 pounds of lint per acre. That would make Oklahoma the fifth largest cotton producing state in the US. Texas remains, far and away, the number one producing state with a nine million bale crop expected this year- however, some experts believe that may not really account for the damage that came from Hurricane Harvey.
The October Crop Production Report also gives us a picture of two crops that have impact in Oklahoma- that we don't get in other Crop Production Reports over the course of the year. Oklaoma is once again the second largest Canola Producing state in the US- and the largest Winter Canola Producing State, with 191.8 million pounds of production in 2017, versus 114 million pounds a year ago, an increase of 67%. North Dakota is far and away the largest canola producing state- they grow a spring planted canola that is coming in this year at 2.227 billion pounds, off 17% from 2016.
USDA also gives us a foreast for pecan production- and the October first forecast is difficult because many pecan orchards were devastated by Hurricanes Harvey and Irma. USDA did drop Georgia pecan production by 20% versus a year ago and that state is just barely ahead of New Mexico in overall pecan production in 2017. The Oklahoma crop is 66% larger than the 2016 crop- with a forecast of 20 million pounds in 2017- Oklahoma will have the largest native pecan production in the country again in 2017, with fifteen million pounds of Oklahoma's crop native pecans.
Click or tap here for the complete October 2017 Crop Production Report from USDA. The USDA also released the monthly WASDE report from the Economic Research Service- click here for that report.
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