USDA Lowers Corn and Soybean Forecast

Clint Thompson Corn, Soybeans

The latest round of crop forecasts shows lower numbers for both U.S. corn and soybeans. Gary Crawford has the new figures.

According to USDA’s National Agricultural Statistics Service (NASS), key findings for the Southern Region from the September Crop Production include:

Alabama: Corn for grain production is forecast at 57.9 million bushels, up 29% from 2019. Cotton acreage is revised down from June to 450,000 acres planted and 445,000 harvested with production estimated at 905 million bales, down 12% from last year. Peanut acreage is revised up from June to 185,000 acres planted with production estimated at 746 million pounds, up 41% from 2019. If realized, the yield, at 4,100 pounds per acre, will be a record high. Soybean production, at 11.6 million bushels, is up 24% from last year.

Florida: Cotton acreage is revised, up from June to 100,000 acres planted and 98,000 harvested with production estimated at 180,000 bales, down 12% from 2019. Peanut acreage is revised, up from June to 175,000 acres planted and 165,000 harvested. Production is forecast at 693 million pounds, up 18% from last year. If realized, the yield, at 4,200 pounds per acre, will be a record high for the state. Sugarcane production is forecast at 18.0 million tons, up 2% from 2019.

Georgia: With a record high yield forecast of 181 bushels per acre, corn for grain production is forecast at 62.4 million bushels, up 12% from 2019. Cotton acreage is revised down from June to 1.20 million acres planted and 1.19 million acres harvested with production estimated at 2.31 million bales, down 16% from last year. Peanut acreage is revised up from June to 810,000 acres planted and 800,000 harvested. Production is forecast at a record high 3.60 billion pounds with a yield of 4,500 pounds per acre, the second highest yield on record. Soybeans production, at 3.36 million bushels, is up 25% from last year. Tobacco production is forecast at 16.6 million pounds, the lowest production since 1932.