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What corn loses is a gain for soybeans

Based on Nov. 1 conditions, Nebraska’s corn crop is forecast at 1.48 billion bushels, down 2% from last month and 6% below last year’s record high, according to USDA’s National Agricultural Statistics Service, Nebraska Field Office.

Yield is forecast at 166 bushels per acre, down 4 bushels from last month, 12 bushels per acre below last year but equal to the second highest of record. Area to be harvested for grain at 8.9 million acres is 1% above a year ago.

Soybean production is forecast at a record high 270 million bushels, down 4% from last month but 4% above last year. Yield is forecast at 53 bushels per acre, down 2 bushels from last month and 1.5 bushels below the record high set in 2009.

Sorghum production is forecast at 6.83 million bushels, down 3% from last month, 48% below a year ago and the smallest production since 1953. Yield is forecast at 91 bushels per acre, down 3 bushels from the previous month and down 2 bushels from last year.

Sugarbeet production, at 1.07 million tons, is down 17% from 2009. Potato production is forecast at 7.5 million hundredweight, down 14% from a year ago.

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