USDA Releases Crop Production Report for October

Minnesota corn production is forecast at 1.48 million bushels, according to the latest USDA, National Agricultural Statistics Service – Crop Production Report.  Based on conditions as of November 1st, yields are expected to average 181.0 bushels per acre, up 2.0 bushels per acre from the October forecast but down 14.0 bushels per acre from last year.  Corn planted acreage is estimated at 8.60 million acres, with an estimated 8.20 million acres to be harvested for grain.

Iowa corn production is forecast at 2.52 billion bushels, yields are expected to average 200.0 bushels per acre, up 1.0 bushel per acres from last month’s forecast but unchanged from last year.  Corn planted acreage is estimated at 13.1 million acres, with an estimated 12.6 million acres to be harvested for grain.

Minnesota soybean production is forecast at 349 million bushels.  The yield is forecast at 48.0 bushes per acre, unchanged from the October forecast but down 2.0 bushels per acre from 2022.  Soybean planted acreage is estimated at 7.35 million acres, with 7.28 million acres to be harvested.

Iowa soybean production is forecast at 572 million bushels.  The yield is forecast at 58.0 bushels per acres, unchanged from the October forecast but down 0.5 bushels per acres from 2022.  Soybean planted acreage is estimated at 9.95 million acres, with 9.87 million acres to be harvested.