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Indiana Corn and Soybean Production Are Down From Last Year in November report

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Based on conditions November 1, Indiana’s 2012 corn production is forecast at 605.0 million bushels, down 28 percent from the 839.5 million bushels produced in 2011. If realized, the expected yield of 100 bushels per acre would be down 46 bushels from last yearメs 146 bushels per acre. The 6.05 million acres for harvest is up 5 percent from the acreage harvested last year. Soybean production is forecast at 226.2 million bushels, down 6 percent from the 240.7 million bushels produced in 2011. The expected yield of 44.0 bushels per acre is down 1.5 bushels from the previous year. The acreage expected to be harvested for beans, at 5.14 million acres, is down 3 percent from 2011.
U.S. corn production is forecast at 10.7 billion bushels, up slightly from the October forecast but down 13 percent from 2011. This represents the lowest production in the United States since 2006. Based on conditions as of November 1, yields are expected to average 122.3 bushels per acre, up 0.3 bushel from the October forecast but 24.9 bushels below the 2011 average. If realized, this will be the lowest average yield since 1995. Area harvested for grain is forecast at 87.7 million acres, unchanged from the October forecast and up 4 percent from 2011.
National soybean production is forecast at 2.97 billion bushels, up 4 percent from October but down 4 percent from last year. Based on November 1 conditions, yields are expected to average 39.3 bushels per acre, up 1.5 bushels from last month but down 2.6 bushels from last year. Compared with last month, yield forecasts are higher or unchanged across all States except for Oklahoma and Texas. Area for harvest in the United States is forecast at 75.7 million acres, unchanged from October and up 3 percent from last year.

Source: NASS



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