Corn production is forecast at 13.6 billion bushels, down 5 percent from last year’s record production and down less than 1 percent from the September forecast, the U.S. Department of Agriculture reported Friday.

Based on conditions as of Oct. 1, yields are expected to average 168 bushels per acre, up 0.5 bushel from the September forecast but down 3 bushels from 2014, according USDA’s October National Agricultural Statistics Service (NASS) report.

If realized, this will be the second highest yield and third largest production on record for the United States. Area harvested for grain is forecast at 80.7 million acres, down less than 1 percent from the September forecast and down 3 percent from 2014. Acreage updates were made in several states following a thorough review of all available data, the report said.

Soybean production

Soybean production is forecast at 3.89 billion bushels, down 1 percent from September and down 1 percent from last year, the NASS report said. Based on Oct. 1 conditions, yields are expected to average 47.2 bushels per acre, up 0.1 bushel from last month but down 0.3 bushel from last year.

Area for harvest in the United States is forecast at 82.4 million acres, down 1 percent from September and down slightly from last year. Acreage updates were made in several states based on a thorough review of all available data, NASS reported.

For the full NASS report, click here