WASDE report predicting record yields

Corn production is forecast at 14.8 billion bushels, up 2 percent from August and up 2 percent from last year. Based on conditions as of September 1, yields are expected to average 181.3 bushels per acre, up 2.9 bushels from the August forecast and up 4.7 bushels from 2017. If realized, this will be the highest yield on record for the United States. Area harvested for grain is forecast at 81.8 million acres, unchanged from the August forecast, but down 1 percent from 2017.

Soybean production is forecast at a record 4.69 billion bushels, up 2 percent from August and up 7 percent from last year. Based on September 1 conditions, yields are expected to average a record high 52.8 bushels per acre, up 1.2 bushels from last month and up 3.7 bushels from last year. Area for harvest in the United States is forecast at 88.9 million acres, unchanged from August but down 1 percent from 2017.

All cotton production is forecast at 19.7 million 480-pound bales, up 2 percent from August but down 6 percent from last year. Yield is expected to average 895 pounds per harvested acre, down 16 pounds from last month and down 10 pounds from last year. Harvested area for all cotton is expected to total 10.6 million acres, down 5 percent from 2017. Upland cotton production is forecast at 18.9 million 480-pound bales, down 6 percent from 2017. Upland harvested area is expected to total 10.3 million acres, down 5 percent from last year. Pima cotton production, forecast at 771,000 bales, is up 10 percent from last year. Pima cotton harvested area, at 245,400 acres, is down 2 percent from 2017.

 

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