Corn production is forecast at 13.7 billion bushels, up less than one percent from the October forecast, but down 4 percent from last year’s record production. Based on conditions as of November 1, yields are expected to average 169.3 bushels per acre, up 1.3 bushels from the October forecast but 1.7 bushels below the 2014 average. 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, unchanged from the October forecast but down 3 percent from 2014.
Soybean production is forecast at a record 3.98 billion bushels, up 2 percent from October and up 1 percent from last year. Based on November 1 conditions, yields are expected to average 48.3 bushels per acre, up 1.1 bushels from last month and up 0.8 bushel from last year. Area for harvest in the United States is forecast at 82.4 million acres, unchanged from last month.
Source: USDA, Crop Production Report, November 2015