U.S. corn production was forecast at 13.2 billion bushels, down 2 percent from the August forecast, but up from the previous record of 13.1 billion bushels set last year, USDA said in its Sept. 10 Crop Production Report. Soybean production was forecast at 3.48 billion bushels, up 1 percent from the August forecast, and up 4 percent last year’s production.

If realized, both corn and soybean production would be record highs.

Based on conditions as of Sept. 1, corn yields are expected to average 162.5 bushels per acre, down 2.5 bushels from the previous month and 2.2 bushels below last year's record of 164.7 bushels. Forecasted yields decreased from last month throughout much of the Corn Belt, Tennessee Valley, and Delta. Yields were up from August in the lower portions of the Southeast.

Based on Sept. 1 conditions, soybean yields are expected to average a record high 44.7 bushels per acre, up 0.7 bushel from both last month and last year. Compared with last month, yields are forecast higher or unchanged across the central and northern Corn Belt, with the exception of Michigan. With the exceptions of Louisiana and the Carolinas, yields are forecast down across the Delta States, Southern Great Plains, and Southeast. The largest decline from the Aug. 1 forecast is expected in Oklahoma, down 7 bushels as drought conditions across much of the State hampered yield expectations. If realized, the forecasted yield in Illinois, Minnesota, Nebraska, New York, and North Dakota will be a record high. Area for harvest in the United States is forecast at 78.0 million acres, unchanged from June but up 2 percent from 2009.

Source: USDA