U.S. farmers are expected to produce a record-high soybean crop this year, according to the Crop Production report issued August 10 by the USDA’s National Agricultural Statistics Service.  Up 4 percent from 2017, soybean production is forecast at record high 4.59 billion bushels, while corn growers are expected to decrease their production slightly from last year, forecast at 14.6 billion bushels.

Down 1 percent from last year, area for soybean harvest is forecast at 88.9 million acres with planted area for the nation estimated at 89.6 million acres, unchanged from the June estimate. Soybean yields are expected to average 51.6 bushels per acre, up 2.5 bushels from last year. Record soybean yields are expected in Alabama, Illinois, Indiana, Kentucky, Mississippi, Nebraska, Ohio, and Pennsylvania.

Average corn yield is forecast at 178.4 bushels per acre, up 1.8 bushels from last year. If realized, this will be the highest yield on record for the United States. NASS forecasts record-high yields in Alabama, Illinois, Nebraska, Ohio, South Dakota and Tennessee. Acres planted to corn, at 89.1 million, remain unchanged from NASS’ June estimate but down 1 percent from 2017. As of July 29, 72 percent of this year’s corn crop was reported in good or excellent condition, 11 percentage points above the same time last year.