STAT Communications Ag Market News

4% Smaller Soybean Harvest

WASHINGTON Oct 12/23 - SNS -- Soybean production is forecast at 4.10 billion bushels, down 1% from the previous estimate and down 4% from last year, according to the USDA's latest crop estimates.

The forecasted yield, at 49.6 bushels per acre, is equal to last year's final estimate. Area harvested for beans in the United States is forecast at 82.8 million acres, unchanged from the previous forecast but down 4% from last year. Record high yields are forecast in Arkansas, Indiana, Mississippi, Ohio, and Tennessee.

Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2022
and Forecasted October 1, 2023
-------------------------------------------------------------------------------------------
                 :  Area harvested   :         Yield per acre          :    Production
                 :-------------------------------------------------------------------------
      State      :         :         :         :         2023          :         :
                 :  2022   :  2023   :  2022   :-----------------------:  2022   :  2023
                 :         :         :         :September 1: October 1 :         :
-------------------------------------------------------------------------------------------
                 :    1,000 acres       --------- bushels ---------     -- 1,000 bushels --
                 :
Alabama .........:    355       345     41.0       43.0        41.0        14,555    14,145
Arkansas ........:  3,140     2,950     52.0       53.0        53.0       163,280   156,350
Delaware ........:    158       148     43.0       45.0        46.0         6,794     6,808
Georgia .........:    158       155     41.0       42.0        40.0         6,478     6,200
Illinois ........: 10,750    10,300     63.0       61.0        61.0       677,250   628,300
Indiana .........:  5,830     5,480     57.5       60.0        61.0       335,225   334,280
Iowa ............: 10,030     9,870     58.5       58.0        58.0       586,755   572,460
Kansas ..........:  4,720     4,400     27.5       29.0        26.0       129,800   114,400
Kentucky ........:  1,940     1,790     51.0       56.0        54.0        98,940    96,660
Louisiana .......:  1,210     1,000     47.0       43.0        41.0        56,870    41,000
                 :
Maryland ........:    510       460     43.0       48.0        46.0        21,930    21,160
Michigan ........:  2,240     2,010     47.0       49.0        46.0       105,280    92,460
Minnesota .......:  7,390     7,280     50.0       48.0        48.0       369,500   349,440
Mississippi .....:  2,290     2,150     54.0       57.0        57.0       123,660   122,550
Missouri ........:  6,040     5,550     45.5       45.0        45.0       274,820   249,750
Nebraska ........:  5,650     5,200     49.0       55.0        54.0       276,850   280,800
New Jersey ......:    108       108     28.0       42.0        42.0         3,024     4,536
New York ........:    325       345     45.0       53.0        52.0        14,625    17,940
North Carolina ..:  1,680     1,640     38.5       39.0        39.0        64,680    63,960
North Dakota ....:  5,670     6,150     35.0       33.0        33.0       198,450   202,950
                 :
Ohio ............:  5,080     4,730     55.5       58.0        57.0       281,940   269,610
Oklahoma ........:    380       420     17.0       25.0        20.0         6,460     8,400
Pennsylvania ....:    590       560     43.0       49.0        45.0        25,370    25,200
South Carolina ..:    390       380     37.0       36.0        36.0        14,430    13,680
South Dakota ....:  5,070     5,050     38.0       43.0        43.0       192,660   217,150
Tennessee .......:  1,620     1,570     48.0       50.0        50.0        77,760    78,500
Texas ...........:     85       110     20.0       38.0        32.0         1,700     3,520
Virginia ........:    610       570     41.0       39.0        37.0        25,010    21,090
Wisconsin .......:  2,150     2,070     54.0       46.0        44.0       116,100    91,080
                 :
United States ...: 86,169    82,791     49.6       50.1        49.6     4,270,196 4,104,379
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