Allendale's Rich Nelson says USDA Raises Corn and Soybean Yields on September WASDE Report
Oklahoma Farm Report
10 Sep 2021
USDA on Friday released its September Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.
USDA on Friday raised its corn yield estimate by 1.7 bushels to 176.3 bushels per acre (bpa), pushing estimated production to 14.99 billion bushels (bb) for the 2021-22 crop. USDA lowered soybean acreage estimates but increased yield forecasts, resulting in slightly higher production. Acreage dropped to 87.2 million from 87.6 million in August, while yield climbed 0.6 bpa to 50.6 bpa during the same timeframe.
Associate Farm Director KC Sheperd spoke to Allendales Rich Nelson, and he said Friday's new U.S. ending stocks estimates were pretty neutral for corn and neutral for soybeans, "Most people would call this a neutral report for Corn and soybeans, and not as bad as it could have been."
Nelson said for Crop Production in corn the production changes with the old crop added over 300 million bushels to total supply, "On Soybeans we did see an increase, but not as bad as it could have been."
As for Cotton crop production we did see an increase, Nelson said that is the largest production we have seen in the past two years, "Production was a little bigger than a lot of people expected, stock numbers going from 3.0 to 3.7 million bales, Some people might call that just a little disappointing."
You can also access the full reports here:
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