The USDA National Agricultural Statistics Service (NASS) Crop Production report shows corn production this year will be down 1% from last year while soybean production is expected to increase 10% from 2023.Â
The corn forecast, at 15.1 billion bushels, is expected to have an average yield at a record high 183.1 bushels per acre, up 5.8 bushels from last year. Soybeans, forecast at a record high 4.59 billion bushels, are expected to average a record high 53.2 bushels per acre, up 2.6 bushels from 2023.
All wheat production is forecast at 1.98 billion bushels, up 9% from 2023. Growers are expected to produce 1.36 billion bushels of winter wheat this year, up 1% from the previous forecast and up 9% from last year.
Today’s report also included the first NASS production forecast of the season for U.S. cotton. NASS forecasts all cotton production at 15.1 million 480-pound bales, up 25% from last year. Yield is expected to average 840 pounds per harvested acre, down 59 pounds from 2023.
NASS interviewed approximately 14,200 producers across the country in preparation for this report. The Crop Production report is published monthly and is available online.Â