IN corn yield is expected to be 173 bushels per acre, on par with last year's yield. A couple of states are notably down in the corn harvest - Kentuckey and North Carolina - showing a 10% and 6% differenct from past year respectively. Yield is forecast at 1.60 tons per acre, up 0.05 ton from 2016.
1 conditions, average corn yield in 2017 was forecast at 171.8 bushels an acre, up 1.9 bushels from September but down 2.8 bushels from 174.6 bushels an acre in 2016. Corn yield is estimated at 145.0 bushels per acre, unchanged from the September 1 forecast and 8.0 bushels above last year's final yield.
Federal forecasters increased their projections for this year's corn harvest, a bounty that would add to an already ample supply of grain.
Production of sugarbeets for the 2017 crop year is forecast at 35.7 million tons, down 3 percent from last year.
The U.S. Department of Agriculture said Thursday that U.S. farmers would produce 14.28 billion bushels of corn, above analyst expectations and the agency's previous September estimate. Corn supply remains unchanged despite yield again being raised by nearly a bushel to 171.8.
China, the world's top soybean buyer, imported 8.1 million tonnes of the oilseed in September, up 12.7 percent on a year ago, after crushers saw margins improve over the summer and anticipated healthy demand for soymeal from hog farms. As of 12:55 pm CDT (1755 GMT), Chicago Board of Trade November soyabeans were up 23-1/4 cents at $9.88-1/2 per bushel after reaching $9.97-3/4, the contract's highest since August 1. Record yield is forecast at 32.1 tons per acre, up 2.2 tons per acre from a year ago. Planted area, at 5.71 million acres, is down 5 percent from the previous estimate and down 15 percent from a year ago. Acreage for harvest, at 42,000 acres, is up 3,000 from 2016. Planted area is estimated at 2.11 million acres, up 27 percent from 2016. Area for harvest, at 5.65 million acres, is 10 percent more than in 2016.
Production of other hay is forecast at 75.9 million tons, down 1 percent from 2016. The average United States yield is forecast at 1,737 pounds per acre, a decrease of 105 pounds from 2016.
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