International Ag Insurance Solutions issued the following announcement on Aug. 10.
Corn production is forecast at 14.6 billion bushels, down less than 1 percent from last year. Based on conditions as of August 1, yields are expected to average 178.4 bushels per acre, up 1.8 bushels from 2017. If realized, this will be the highest yield on record for the United States. Area harvested for grain is forecast at 81.8 million acres, unchanged from the June forecast, but down 1 percent from 2017.
Soybean production is forecast at 4.59 billion bushels, up 4 percent from last year. Based on conditions as of August 1, yields are expected to average 51.6 bushels per acre, up 2.5 bushels from last year. Area for harvest in the United States is forecast at 88.9 million acres, unchanged from the June forecast, but down 1 percent from 2017.
All cotton production is forecast at 19.2 million 480-pound bales, down 8 percent from last year. Yield is expected to average 911 pounds per harvested acre, up 6 pounds from last year. Harvested area for all cotton is expected to total 10.1 million acres, down 9 percent from 2017. Upland cotton production is forecast at 18.5 million 480-pound bales, down 9 percent from 2017. Upland harvested area is expected to total 9.90 million acres, down 9 percent from last year. Pima cotton production, forecast at 779,000 bales, is up 11 percent from last year. Pima cotton harvested area, at 240,400 acres, is down 4 percent from 2017.
All wheat production, at 1.88 billion bushels, is down less than 1 percent from the July forecast but up 8 percent from 2017. Based on August 1 conditions, the United States yield is forecast at 47.4 bushels per acre, down 0.1 bushel from last month, but up 1.1 bushels from last year. The area expected to be harvested for grain or seed totals 39.6 million acres, down slightly from last month, but up 5 percent from last year.
Winter wheat production is forecast at 1.19 billion bushels, down less than 1 percent from the July forecast and down 6 percent from 2017. As of August 1, the United States yield is forecast at 47.9 bushels per acre, down 0.1 bushel from last month and down 2.3 bushels from last year’s average yield of 50.2 bushels per acre. The area expected to be harvested for grain totals 24.8 million acres, down slightly from last month and down 2 percent from last year.
Hard Red Winter production, at 661 million bushels, is up 1 percent from last month. Soft Red Winter, at 292 million bushels, is down 4 percent from the July forecast. White Winter, at 236 million bushels, is up 2 percent from last month. Of the White Winter production, 21.0 million bushels are Hard White and 215 million bushels are Soft White.
Durum wheat production is forecast at 73.4 million bushels, down 2 percent from the July forecast but up 34 percent from 2017. The United States yield is forecast at 39.9 bushels per acre, down 0.8 bushel from the July forecast but up 14.2 bushels from last year. Area expected to be harvested for grain or seed totals 1.84 million acres, unchanged from last month, but 14 percent below 2017.
Other spring wheat production is forecast at 614 million bushels, up slightly from the July forecast and up 48 percent from last year. If realized, this represents the third highest production on record. Area harvested for grain or seed is expected to total 12.9 million acres, unchanged from last month, but 27 percent above 2017. The United States yield is forecast at a record high 47.6 bushels per acre, unchanged from the July forecast, but up 6.6 bushels from last year. Of the total production, 583 million bushels are Hard Red Spring wheat, up 51 percent from last year.
Original source can be found here.
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