ia-press-release Crop Production November 10, 2005 National Agricultural Statistics Service United States Department of Agriculture Washington, DC 20250 Ag Statistics Hotline: 1-800-727-9540 www.usda.gov/nass/ Media Contact: Iowa Field Office 515-284-4340 Email: nass-ia@nass.usda.gov (to unsubscribe go to www.nass.usda.gov/unsub-form.htm) Crop Production November 10, 2005 -- Iowa Corn: As of November 1, Iowa's 2005 corn for grain yield and production was forecast at 175.0 bushels per acre and 2.18 billion bushels, respectively, up just over 1 percent compared to last month. If realized, this would be the second highest corn crop on record. As of October 31, Iowa producers harvested 82 percent of the corn crop, ahead of last year (62 percent) and the 5-year average (76 percent). Soybeans: The November 1 soybean yield forecast of 53.0 bushels per acre is up 2 bushels from last month's forecast and up 4.0 bushels from last year's yield. If realized, soybean production would be 532.7 million bushels, up 7 percent from last year and the largest soybean crop on record. As of October 31, soybean harvest was virtually complete. Reminder: All crop forecasts in this report are based on conditions on November 1 and do not reflect any possible weather effects since that time. End of year corn and soybean production estimates will be released in the Crop Production Annual report on January 12, 2006. United States: Corn production is forecast at 11.0 billion bushels, up 2 percent from last month but 7 percent below 2004. Based on conditions as of November 1, yields are expected to average 148.4 bushels per acre, up 2.3 bushels from October but 12.0 bushels below last year. If realized, both production and yield would be the second largest on record, behind last year. Of the major producing States, forecast yields are higher than last month in Iowa, Indiana, Minnesota, Ohio, and Wisconsin as producers realized larger than expected yields and late planted fields matured under favorable fall conditions. Yield prospects are still below last year in all major corn States, except Minnesota and Wisconsin where producers are experiencing record high yields. Soybean production is forecast at 3.04 billion bushels, up 3 percent from October but 3 percent below 2004. If realized, this would be the second largest U.S. soybean crop on record, only behind last year's crop. Based on November 1 conditions, yields are expected to average a record high 42.7 bushels per acre, up 1.1 bushels from October and 0.5 bushel above last year. Producers in the Corn Belt, the southern Delta, and most of the Southeast are realizing higher yields than expected last month, with record high yields forecast in Iowa, Minnesota, Nebraska, North Dakota, and Louisiana. Area for harvest in the U.S. is forecast at 71.3 million acres, unchanged from last month but down 4 percent from 2004. November 2005 Production Summary - Iowa and United States --------------------------------------------------------------------------------- Crop : For Harvest : Yield per acre : Production :----------------------------------------------------------- : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 --------------------------------------------------------------------------------- : Thousand Acres Bushels Thousand Bushels IOWA : Corn for Grain : 12,400 12,450 181.0 175.0 2,244,400 2,178,750 Soybeans : 10,150 10,050 49.0 53.0 497,350 532,650 : UNITED STATES : Corn for Grain : 73,632 74,333 160.4 148.4 11,807,217 11,032,105 Soybeans : 73,958 71,270 42.2 42.7 3,123,686 3,043,116 : --------------------------------------------------------------------------------- Iowa District Estimates Corn, 2004-2005 ----------------------------------------------------------------------------------------------------------------------------- District : Harvested : Yield/acre : Production :------------------------------------------------------------------------------------------------------------- : 2004 : 2005 1/ : 2004 : 2005 2/ : 2004 : 2005 ----------------------------------------------------------------------------------------------------------------------------- : ---- Thousand Acres --- ------ Bushels ----- ------- Thousand Bushels ------- : NW : 1,869 1,862 186.8 190.0 349,200 353,800 NC : 1,790 1,809 180.1 188.0 322,400 340,100 NE : 1,433 1,435 172.6 182.0 247,300 261,200 : WC : 1,834 1,856 179.1 174.0 328,400 322,900 C : 1,818 1,842 188.9 196.0 343,400 361,000 EC : 1,309 1,306 177.1 142.0 231,800 185,500 : SW : 996 991 183.4 166.0 182,700 164,500 SC : 500 497 165.6 162.0 82,800 80,500 SE : 851 852 183.8 128.0 156,400 109,000 : State : 12,400 12,450 181.0 175.0 2,244,400 2,178,500 ----------------------------------------------------------------------------------------------------------------------------- 1/ Harvest for grain 2/ Yield rounded Soybeans, 2004-2005 ----------------------------------------------------------------------------------------------------------------------------- District : Harvested : Yield/acre : Production :------------------------------------------------------------------------------------------------------------- : 2004 : 2005 : 2004 : 2005 : 2004 : 2005 ----------------------------------------------------------------------------------------------------------------------------- : ---- Thousand Acres --- ------ Bushels ----- ------ Thousand Bushels ----- : NW : 1,630 1,560 47.8 55.0 79,335 85,800 NC : 1,403 1,365 45.2 52.0 63,420 71,000 NE : 880 885 46.5 56.0 40,940 49,560 : WC : 1,594 1,645 47.7 50.0 76,070 82,800 C : 1,506 1,505 51.7 57.0 77,840 86,200 EC : 945 945 49.8 50.0 47,035 47,250 : SW : 940 930 51.0 51.0 47,920 47,430 SC : 491 465 49.2 54.0 24,170 25,110 SE : 761 750 53.4 50.0 40,620 37,500 : State : 10,150 10,050 49.0 53.0 497,350 532,650 ----------------------------------------------------------------------------------------------------------------------------- U.S. Corn Supply and Demand ---------------------------------------------------------------------- : : : 2005-2006 1/ CORN : 2003-2004 : 2004-2005 : Projections : : (Est.) : November ---------------------------------------------------------------------- : Million Bushels : Beginning Stocks : 1,087 958 2,112 Production : 10,089 11,807 11,032 Imports : 14 11 10 Supply, total : 11,190 12,776 13,154 Feed & Residual : 5,795 6,164 5,875 Food, Seed & Industrial : 2,537 2,686 2,960 Domestic, total : 8,332 8,850 8,835 Exports : 1,900 1,814 2,000 Use, total : 10,232 10,664 10,835 Ending Stocks, total : 958 2,112 2,319 Avg. farm price ($/bu) : 2.42 2.06 1.60-2.00 ---------------------------------------------------------------------- 1/ Preliminary U.S. Soybean Supply and Demand ---------------------------------------------------------------------- : : : 2005-2006 1/ SOYBEANS : 2003-2004 : 2004-2005 : Projections : : (Est.) : November ---------------------------------------------------------------------- : Million Bushels : Beginning Stocks : 178 112 256 Production : 2,454 3,124 3,043 Imports : 6 5 4 Supply, total : 2,638 3,241 3,303 Crushings : 1,529 1,696 1,720 Exports : 887 1,103 1,075 Seed : 92 88 90 Residual : 17 98 68 Use, total : 2,525 2,985 2,953 Ending stocks : 112 256 350 Avg. farm price ($/bu) : 7.34 5.74 4.95-5.75 ---------------------------------------------------------------------- 1/ Preliminary -#- Find agricultural statistics for your county, State, and the Nation at www.usda.gov/nass/.