September 6, 2008

 

 

Allendale Inc., a research and brokerage firm located in McHenry, Illinois, estimates that the US corn crop would reach 12.090 billion bushels, using a yield of 152.48 bushels per acre based on harvested acreage of 79.29 million acres.

 

The producer survey also suggested soy production at 2.818 billion bushels, based on harvested acreage of 73.43 million acres with a yield of 38.43 bushels an acre.

 

The production estimates are based on producer calculated yields in 20 states conducted from August 15 through August 29.

 

The estimated high corn yield of 235 bushels per acre was reported for Tazewell, Illinois, and the low yield of 85 bushels per acre was reported for Nemaha, Nebraska. The highest estimated soy yield 70 bushels per acre was recorded in Hamilton, Nebraska, with the low estimate at 10 bushels per acre for Pottawattamie, Iowa.

 

The corn estimate represents a 60 million bushel increase from Allendale's production outlook made as of August 1, while the soy estimate translated into a 153 million bushel decrease from the firm's August 1 projection.

 

As of August 1, the firm projected the corn crop at 12.030 billion bushels with a yield of 152.4 bushels per acre and forecast soy production at 2.971 billion bushels with a yield of 41.2 bushels per acre.

 

USDA projected a 12.288 billion bushel corn crop with a yield of 155.0. The soy crop for the same period was measured at 2.973 billion bushels using a 40.5 yield.

 

In addition, Allendale said the current maturity of the corn crop was in the dough to dent stage, and estimated the frost free date for corn--September 30.

 

USDA is scheduled to release its updated production forecasts September 12.

 

Last year, corn output measured 13.074 billion bushels and soy production came in at 2.585 billion.