Optimistic Soybean Forecast
WASHINGTON - Aug 12/24 - SNS -- Soybean production for beans is forecast at a record high 4.59 billion bushels, up 10% from 2023, according to the latest USDA crop production report.
Based on conditions as of August 1, yields are expected to average a record high 53.2 bushels per acre, up 2.6 bushels from 2023. Area harvested for beans in the United States is forecast at 86.3 million acres, up 1% from the previous forecast and up 5% from 2023.
The forecasted yield, at 53.2 bushels per acres, is up 2.6 bushels from last year's final estimate of 50.6 bushels per acre. If realized, this would be the highest yield on record for the Nation with record yields in Arkansas, Illinois, Indiana, Mississippi, Missouri, and Ohio.
Soybeans for Beans Area Planted and Harvested - States and United States: 2023 and 2024
[Includes updates to planted and harvested area previously published]
------------------------------------------------------------------------------------------
: Area planted : Area harvested
State :-----------------------------------------------------------------------
: 2023 : 2024 : 2023 : 2024 1/
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: 1,000 acres
:
Alabama ..........: 350 360 345 355
Arkansas .........: 2,980 3,050 2,950 3,020
Delaware .........: 150 155 148 153
Georgia ..........: 160 170 155 165
Illinois .........: 10,350 10,800 10,300 10,750
Indiana ..........: 5,500 5,800 5,480 5,780
Iowa .............: 9,950 10,050 9,880 9,970
Kansas ...........: 4,430 4,530 4,030 4,480
Kentucky .........: 1,830 2,050 1,820 2,040
Louisiana ........: 1,030 1,100 980 1,060
:
Maryland .........: 470 495 460 485
Michigan .........: 2,040 2,190 2,030 2,180
Minnesota ........: 7,350 7,400 7,280 7,330
Mississippi ......: 2,180 2,300 2,130 2,270
Missouri .........: 5,600 5,900 5,520 5,830
Nebraska .........: 5,250 5,300 5,180 5,250
New Jersey .......: 100 105 98 103
New York .........: 350 370 340 365
North Carolina ...: 1,640 1,630 1,630 1,620
North Dakota .....: 6,200 6,650 6,160 6,600
:
Ohio .............: 4,750 5,050 4,730 5,030
Oklahoma .........: 460 505 410 455
Pennsylvania .....: 570 610 560 600
South Carolina ...: 395 390 385 380
South Dakota .....: 5,100 5,450 5,070 5,400
Tennessee ........: 1,600 1,830 1,570 1,800
Texas ............: 125 100 85 80
Virginia .........: 580 610 570 600
Wisconsin ........: 2,110 2,150 2,060 2,120
:
United States ....: 83,600 87,100 82,356 86,271
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1/ Forecasted.
Soybeans for Beans Area Harvested, Yield, and Production - States and United States: 2023
and Forecasted August 1, 2024
--------------------------------------------------------------------------------------------
: Area harvested : Yield per acre : Production
State :-----------------------------------------------------------------------
: 2023 : 2024 : 2023 : 2024 : 2023 : 2024
--------------------------------------------------------------------------------------------
: --- 1,000 acres -- ---- bushels --- --- 1,000 bushels ---
:
Alabama ............: 345 355 43.0 37.0 14,835 13,135
Arkansas ...........: 2,950 3,020 54.0 57.0 159,300 172,140
Delaware ...........: 148 153 46.0 41.0 6,808 6,273
Georgia ............: 155 165 43.0 43.0 6,665 7,095
Illinois ...........: 10,300 10,750 63.0 66.0 648,900 709,500
Indiana ............: 5,480 5,780 61.0 62.0 334,280 358,360
Iowa ...............: 9,880 9,970 58.0 61.0 573,040 608,170
Kansas .............: 4,030 4,480 26.0 38.0 104,780 170,240
Kentucky ...........: 1,820 2,040 55.0 55.0 100,100 112,200
Louisiana ..........: 980 1,060 40.0 49.0 39,200 51,940
:
Maryland ...........: 460 485 47.0 46.0 21,620 22,310
Michigan ...........: 2,030 2,180 46.0 49.0 93,380 106,820
Minnesota ..........: 7,280 7,330 48.0 49.0 349,440 359,170
Mississippi ........: 2,130 2,270 56.0 58.0 119,280 131,660
Missouri ...........: 5,520 5,830 48.0 51.0 264,960 297,330
Nebraska ...........: 5,180 5,250 51.5 59.0 266,770 309,750
New Jersey .........: 98 103 43.0 34.0 4,214 3,502
New York ...........: 340 365 51.0 51.0 17,340 18,615
North Carolina .....: 1,630 1,620 38.5 36.0 62,755 58,320
North Dakota .......: 6,160 6,600 35.5 36.0 218,680 237,600
:
Ohio ...............: 4,730 5,030 58.0 59.0 274,340 296,770
Oklahoma ...........: 410 455 26.0 30.0 10,660 13,650
Pennsylvania .......: 560 600 47.0 45.0 26,320 27,000
South Carolina .....: 385 380 39.0 38.0 15,015 14,440
South Dakota .......: 5,070 5,400 44.0 47.0 223,080 253,800
Tennessee ..........: 1,570 1,800 51.0 49.0 80,070 88,200
Texas ..............: 85 80 25.0 38.0 2,125 3,040
Virginia ...........: 570 600 38.0 43.0 21,660 25,800
Wisconsin ..........: 2,060 2,120 51.0 53.0 105,060 112,360
:
United States ......: 82,356 86,271 50.6 53.2 4,164,677 4,589,190
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