The National Agricultural Statistics Service?s (NASS) recent Crop Production report expects Iowa corn production to reach 2.45 million bushels. The yield forecast of 187 bushels per acre is down one bushel from the August 1 forecast and down 16 bushels per acre from 2016. If realized, this will be the third highest yield and production on record behind 2016 and 2015, respectively. Acres of grain harvested remained unchanged at 13.1 million acres.
NASS expects Iowa soybean production to reach 567 million bushels. If realized, this year?s production will be the second highest on record, behind last year?s 572 million bushels. The yield forecast of 57.0 bushels per acre is up 1 bushel per acre from the August 1 forecast and down 3.5 bushels per acre from 2016. If realized, this will be the second highest yield on record behind 2016. Area harvested remained unchanged at 9.95 million acres.
Note: The forecasts in USDA?s National Agricultural Statistics Service are based on September 1 conditions and do not reflect weather effects since that time. The next corn and soybean production forecasts will be released October 12.
