Deeper Dive into August Crop Production
The USDA's forecast for corn production was cut by 415 million bushels from its earlier forecast - and a lot more than analysts expected.
Lance Honig with USDA's National Agricultural Statistics Service says the crop will be 14.75 billion bushels.
Honig; “ Lower than folks were expecting in fact falling just outside the range of those expectations, so this number does appear to be a bit of a surprise.”
The crop is still the second biggest recorded.
Estimates were also cut for wheat, rice, soybean, and cotton.
More details for the southeast region from the August Crop Production Report.
The findings show that in Alabama: Corn for grain production is forecast at 56.1 million bushels, up 11 percent from 2020.
The average corn yield is forecast at 165 bushels per harvested acre, up 7 bushels from the previous year.
Cotton production, at 780,000 bales, is up 6 percent from last year.
Peanut production is forecast at 708 million pounds, up 11 percent from 2020.
Soybean production, at 13.5 million bushels, is up 20 percent from 2020.
Florida: Cotton production is forecast at 140,000 bales, up 36 percent from 2020.
Peanut production is forecast at 644 million pounds, up 15 percent from 2020. The average peanut yield is forecast at 3,900 pounds per harvested acre, up 500 pounds from last year.
Sugarcane for sugar and seed production is forecast at 17.3 million tons, down 8 percent from 2020.
Georgia: Corn for grain production is forecast at 71.4 million bushels, up 2 percent from 2020.
The average corn yield is forecast at 170 bushels per harvested acre, a 10-bushel decrease from the previous year.
Cotton production, at 2.30 million bales, is up 6 percent from last year.
Peanut production is forecast at a record high of 3.61 billion pounds, up 10 percent from 2020.
The average peanut yield is forecast at 4,400 pounds per harvested acre, up 300 pounds from 2020.
Soybean production, at 5.04 million bushels, is up 29 percent from last year.
Peach production is forecast at 36,000 tons, up 8 percent from 2020.
