STAT Communications Ag Market News

Soybean Crop Pegged at 4.37B Bushels

WASHINGTON - Jan 10/25 - SNS -- Soybean production in 2024 totaled 4.37 billion bushels, up 5% from 2023, according to the USDA's final production estimates for 2024.

The average yield per acre was estimated at 50.7 bushels, up 0.1 bushel from 2023. Harvested area, at 86.1 million acres, was up 5% from last year.

Record high planted and harvested acreage was estimated in Illinois, Kentucky, and New York. Record high yields occurred in Arkansas, Georgia, and Mississippi. Record high production was harvested in Illinois, Mississippi, and New York.

The 2024 soybean objective yield survey data indicated that final average pod counts were lower than 2023 in the combined eleven objective yield States. Compared with final counts for 2023, pod counts were down in 8 of the 11 published States. A decrease of more than 100 pods per 18 square feet from 2023's final pod count occurred in Arkansas, Kansas, Minnesota, Ohio, and South Dakota.

Soybeans for Beans Area Planted and Harvested, Yield, and Production - States and
United States: 2022-2024
--------------------------------------------------------------------------------------------
                    :           Area planted            :          Area harvested
        State       :-----------------------------------------------------------------------
                    :   2022    :   2023    :   2024    :   2022    :   2023    :   2024
--------------------------------------------------------------------------------------------
                    :                              1,000 acres
                    :
Alabama ............:     360         350         360         355         340         350
Arkansas ...........:   3,180       2,980       3,050       3,140       2,950       3,020
Delaware ...........:     160         150         155         158         148         153
Georgia ............:     165         160         170         158         155         162
Illinois ...........:  10,800      10,350      10,800      10,750      10,300      10,750
Indiana ............:   5,850       5,500       5,800       5,830       5,480       5,780
Iowa ...............:  10,100       9,950      10,050      10,030       9,880       9,960
Kansas .............:   5,050       4,430       4,530       4,720       3,980       4,420
Kentucky ...........:   1,950       1,830       2,050       1,940       1,820       2,040
Louisiana ..........:   1,260       1,030       1,100       1,210         980       1,060
                    :
Maryland ...........:     520         470         495         510         460         485
Michigan ...........:   2,250       2,040       2,200       2,240       2,020       2,180
Minnesota ..........:   7,450       7,350       7,400       7,390       7,280       7,320
Mississippi ........:   2,310       2,180       2,300       2,290       2,130       2,270
Missouri ...........:   6,100       5,600       5,900       6,040       5,520       5,840
Nebraska ...........:   5,750       5,250       5,300       5,650       5,180       5,240
New Jersey .........:     110         100         105         108          98         103
New York ...........:     350         350         370         325         340         365
North Carolina .....:   1,700       1,640       1,630       1,680       1,620       1,610
North Dakota .......:   5,700       6,200       6,600       5,670       6,160       6,550
                    :
Ohio ...............:   5,100       4,750       5,050       5,080       4,730       5,030
Oklahoma ...........:     545         460         505         380         400         405
Pennsylvania .......:     600         570         610         590         560         600
South Carolina .....:     405         395         390         395         385         380
South Dakota .......:   5,100       5,100       5,450       5,070       5,070       5,380
Tennessee ..........:   1,650       1,600       1,820       1,620       1,570       1,800
Texas ..............:     155         125         100          85          85          77
Virginia ...........:     620         580         610         610         570         600
Wisconsin ..........:   2,160       2,110       2,150       2,150       2,060       2,120
                    :
United States ......:  87,450      83,600      87,050      86,174      82,271      86,050
--------------------------------------------------------------------------------------------
                                                                                 --continued
Soybeans for Beans Area Planted and Harvested, Yield, and Production - States and
United States: 2022-2024 (continued)
--------------------------------------------------------------------------------------------
                    :          Yield per acre           :            Production
        State       :-----------------------------------------------------------------------
                    :   2022    :   2023    :   2024    :   2022    :   2023    :   2024
--------------------------------------------------------------------------------------------
                    :   ---------- bushels ---------      --------- 1,000 bushels ---------
                    :
Alabama ............:   41.0        43.0        31.0         14,555      14,620      10,850
Arkansas ...........:   52.0        54.0        55.0        163,280     159,300     166,100
Delaware ...........:   43.0        46.0        45.0          6,794       6,808       6,885
Georgia ............:   41.0        43.0        47.0          6,478       6,665       7,614
Illinois ...........:   63.0        63.0        64.0        677,250     648,900     688,000
Indiana ............:   57.5        61.0        59.0        335,225     334,280     341,020
Iowa ...............:   58.5        58.0        60.0        586,755     573,040     597,600
Kansas .............:   27.5        26.0        35.0        129,800     103,480     154,700
Kentucky ...........:   51.0        55.0        48.0         98,940     100,100      97,920
Louisiana ..........:   47.0        40.0        52.0         56,870      39,200      55,120
                    :
Maryland ...........:   43.0        47.0        44.0         21,930      21,620      21,340
Michigan ...........:   47.0        46.0        49.0        105,280      92,920     106,820
Minnesota ..........:   50.0        48.0        45.0        369,500     349,440     329,400
Mississippi ........:   54.0        56.0        56.0        123,660     119,280     127,120
Missouri ...........:   45.5        48.0        49.0        274,820     264,960     286,160
Nebraska ...........:   49.0        51.5        57.5        276,850     266,770     301,300
New Jersey .........:   28.0        43.0        43.0          3,024       4,214       4,429
New York ...........:   45.0        51.0        51.0         14,625      17,340      18,615
North Carolina .....:   38.5        38.5        39.0         64,680      62,370      62,790
North Dakota .......:   35.0        35.5        37.5        198,450     218,680     245,625
                    :
Ohio ...............:   55.5        58.0        50.0        281,940     274,340     251,500
Oklahoma ...........:   17.0        26.0        20.0          6,460      10,400       8,100
Pennsylvania .......:   43.0        47.0        45.0         25,370      26,320      27,000
South Carolina .....:   37.0        39.0        34.0         14,615      15,015      12,920
South Dakota .......:   38.0        44.0        43.0        192,660     223,080     231,340
Tennessee ..........:   48.0        51.0        42.0         77,760      80,070      75,600
Texas ..............:   20.0        25.0        32.0          1,700       2,125       2,464
Virginia ...........:   41.0        38.0        44.0         25,010      21,660      26,400
Wisconsin ..........:   54.0        51.0        48.0        116,100     105,060     101,760
                    :
United States ......:   49.6        50.6        50.7      4,270,381   4,162,057   4,366,492
--------------------------------------------------------------------------------------------
Percent of Soybean Acreage Planted Following Another Harvested Crop - Selected
States and
United States: 2020-2024
[Data as obtained from survey results. These data do not represent official estimates
of the Agricultural Statistics Board but provide raw data as obtained from survey
respondents. The purpose of these data is to portray trends in soybean
production practices]
---------------------------------------------------------------------------------------
       State      :    2020    :    2021     :    2022     :   2023 1/   :   2024 1/
---------------------------------------------------------------------------------------
                  :
                  :                              percent
Alabama ..........:     23            37            21           33            21
Arkansas .........:      2             4             4            5             3
Delaware .........:     26            24            27           45            29
Georgia ..........:     22            49            16           23            23
Illinois .........:      4             4             5            7             9
Indiana ..........:      5             5             2            4             3
Kansas ...........:     13             7             8           20            23
Kentucky .........:     21            17            18           29            18
Louisiana ........:      3           (Z)             6            8             9
Maryland .........:     32            26            12           26            27
                  :
Mississippi ......:      1             2             2            7             2
Missouri .........:      6             6             6           11            16
New Jersey .......:     14             4             3           30            29
North Carolina ...:     27            43            23           35            24
Ohio .............:      3             1             2            3             2
Oklahoma .........:     24            52            37           54            49
Pennsylvania .....:     20            27            26           23            27
South Carolina ...:     23            18            15           19            23
Tennessee ........:      9            27            21           23            16
                  :
Texas ............:     10           (D)           (D)           20            19
Virginia .........:     28            25            17           28            20
                  :
United States ....:      5             5             4            7             6
---------------------------------------------------------------------------------------
(D) Withheld to avoid disclosing data for individual operations.
(Z) Less than half of the unit shown.
1/  Data for 2023 and 2024 is updated from original data published in "Acreage" report.
    Prior to 2023, data in this table are original data published in "Acreage" report.

Only active subscribers can read all of this article.

If you are a subscriber, please log into the website.

If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.