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USDA Crop Forecast Shows Record Corn & Soybean Production for '20
USAgNet - 09/14/2020

Corn production for grain is forecast at 14.9 billion bushels, down 2 percent from the previous forecast but up 9 percent from 2019. Based on conditions as of September 1, the USDA's National Ag Statistics Service is forecasting yields at a record high 178.5 bushels per harvested acre, down 3.3 bushels from the previous forecast but up 11.1 bushels from last year. Area harvested for grain is forecast at 83.5 million acres, down 1 percent from the previous forecast, but up 3 percent from the previous year.

Soybean production for beans is forecast at 4.31 billion bushels, down 3 percent from the previous forecast but up 21 percent from last year. Based on conditions as of September 1, yields are expected to average a record high 51.9 bushels per harvested acre, down 1.4 bushels from the previous forecast but up 4.5 bushels from 2019. Area harvested for beans in the United States is forecast at 83.0 million acres, unchanged from the previous forecast but up 11 percent from 2019.


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