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Iowa Soybean Forecast of 577M Bushels Highest Ever
Iowa Ag Connection - 11/09/2018

Iowa corn production is forecast at 2.52 billion bushels according to the latest USDA, National Agricultural Statistics Service -- Crop Production report. Based on conditions as of November 1, yields are expected to average 198 bushels per acre, down 6 bushels per acre from the October 1 forecast, and down 4 bushels per acre from last year. Corn planted acreage is estimated at 13.2 million acres. An estimated 12.8 million of the acres planted will be harvested for grain.

Soybean production is forecast at 577 million bushels. If realized, this will be the highest production on record with 9.94 million bushels more than the previous record of 567 million bushels set in 2017. The yield is forecast at 58.0 bushels per acre, down 3 bushels per acre from the October forecast, but 1 bushel per acre higher than 2017. Soybean planted acreage is estimated at 10.0 million acres with 9.94 million acres to be harvested.

The forecasts in this report are based on November 1 conditions and do not reflect weather effects since that time. The next corn and soybean production estimates will be published in the Crop Production -- Annual Summary report which will be released in January 2019.

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