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Agricultural News

USDA Pegs Corn, Soybean Production Above Trade Estimates- OK Crops Mostly Larger than in 2017

Wed, 12 Sep 2018 13:02:42 CDT

USDA Pegs Corn, Soybean Production Above Trade Estimates- OK Crops Mostly Larger than in 2017 The Oklahoma September First Crop Production numbers were released by USDA on Wednesday, September 12th. Compared to a year ago, a smaller Oklahoma Cotton Crop is forecasted, in addition to a smaller corn crop, about the same number of grain sorghum bushels compared to 2017 and a slightly larger soybean crop in the state.

According to NASS, Oklahoma's Upland Cotton production is predicted to total 950 thousand bales, 7 percent lower than 2017. Yield averaged 800 pounds per acre, compared with 882 pounds last year. Acreage harvested, at 570 thousand acres, is up 2 percent from last year. If this number of harvested acres is correct- that will mean approximately 210,000 acres of cotton planted this spring will end up being abandoned.

Oklahoma soybean production is forecast at 19.84 million bushels, up 6 percent from last year. Yield is expected to average 31 bushels per acre, compared with 29 bushels in 2017. Harvested acreage, at 640 thousand acres, is unchanged from last year.

Oklahoma corn production totaled 33.75 million bushels, down 13 percent from the previous year. Statewide yields averaged 125 bushels per acre, 1 bushels lower than 2017. Acres harvested for grain, at 270 thousand, are down 12 percent from last year.

Oklahoma sorghum production totaled 15.05 million bushels, down 3 percent from last year. Yield averaged 43 bushels per acre, down 10 bushels from the previous year. Acres harvested, at 350 thousand acres, are 17 percent higher than 2017.

Oklahoma peanut production is 48 percent lower than last year, at 45.0 million pounds. Yield is forecast at 3,000 pounds per acre, down 700 pounds from 2017. Harvested acres is down 25 percent from last year to 15 thousand acres.

To view the complete September 2018 Crop Production report- click or tap here.

The September Crop Production report for the US also indicated the national numbers for corn and soybeans were both above trade expectations. USDA says Corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Based on conditions as of September 1, yields are expected to average 181.3 bushels per acre, up 2.9 bushels from the August forecast and up 4.7 bushels from 2017. If realized, this will be the highest yield on record for the United States. Area harvested for grain is forecast at 81.8 million acres, unchanged from the August forecast, but down 1 percent from 2017.

Soybean production is forecast at a record 4.69 billion bushels, up 2 percent from August and up 7 percent from last year. Based on September 1 conditions, yields are expected to average a record high 52.8 bushels per acre, up 1.2 bushels from last month and up 3.7 bushels from last year. Area for harvest in the United States is forecast at 88.9 million acres, unchanged from August but down 1 percent from 2017.

All cotton production is forecast at 19.7 million 480-pound bales, up 2 percent from August but down 6 percent from last year. Yield is expected to average 895 pounds per harvested acre, down 16 pounds from last month and down 10 pounds from last year. Harvested area for all cotton is expected to total 10.6 million acres, down 5 percent from 2017. Upland cotton production is forecast at 18.9 million 480-pound bales, down 6 percent from 2017. Upland harvested area is expected to total 10.3 million acres, down 5 percent from last year. Pima cotton production, forecast at 771,000 bales, is up 10 percent from last year. Pima cotton harvested area, at 245,400 acres, is down 2 percent from 2017.

The USDA also released this month’s World Agricultural Supply & Demand Estimates report, today. Click or tap here to review that report as well.

Source - USDA



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