The U.S. Department of Agriculture in its November 8 Crop Production report forecast 2019 U.S. production of corn at 13,661 million bushels, down 0.9 percent from the October forecast and down 5 percent from 2018.
Soybean production was forecast at 3,550 million bushels, down 304,000 bushels from October and down 20 percent from last year.
Average corn yield, based on November 1 conditions, was forecast at 167 bushels an acre, down 1.4 bushels from October and down 9.4 bushels from 2018. Corn harvested area was forecast at 81,815,000 acres, unchanged from October but up slightly from 2018.
The average soybean yield was forecast at 46.9 bushels an acre, unchanged from October but down 3.7 bushels from last year. Harvested area was forecast at 75,626,000 acres, unchanged from October but down 14 percent from 2018.
