Record rice yields have been forecast for three Mid-South states, according to USDA’s Sept. 12 World Agricultural Supply and Demand Estimatesand Crop Production reports. Meanwhile, the U.S. corn crop continues to grow, based on higher yields in the South and Central Plains. Here’s more:
U.S. corn production is forecast 80 million bushels higher than the previous month, and stand at a record 13.8 billion bushels. The national average corn yield is forecast at 155.3 bushels per acre, up nearly a bushel from last month. Higher yields for the Central Plains and the South more than offset yield reductions for Iowa and North Dakota.
Corn ending stocks for 2013-14 were projected 18 million bushels higher. Corn used for ethanol was raised 15 million bushels based on stronger-than-expected August ethanol production. Corn exports were raised 20 million bushels and projected feed and residual use was raised 25 million bushels reflecting the limited amount of new-crop corn available for use before Sept. 1 due to delayed 2013 crop maturity.
Global corn ending stocks for 2013-14 were projected 1.3 million tons higher than the previous month with larger stocks in Brazil and the United States.
Sorghum production is forecast 37 million bushels higher with the national average yield raised 6.1 bushels per acre mostly with higher yields and production for Kansas and Texas.
U.S. rice production in 2013-14 is forecast at 185.1 million hundredweight, up 3.7 million from last month due both to an increase in area harvested and yield. Harvested area is estimated at 2.46 million acres, up 15,000 acres from last month. Average yield is estimated at a record 7,511 pounds per acre, up 105 pounds per acre from last month, with increases in all states except California and Texas.
Record yields were forecast for Louisiana, Mississippi, Missouri, and Texas. Long-grain rice production is forecast at 126.5 million hundredweight, up 1.8 million from last month. Combined medium- and short-grain production is forecast at 58.5 million hundredweight, up 1.9 million from a month ago.
U.S. rice exports were increased 2 million hundredweight to 98 hundredweight million due mainly to the increase in exportable supplies, all in combined medium- and short grain rice exports. All rice ending stocks were lowered to 30 million hundredweight.
Global rice production is projected at a record 476.8 million tons, down 1.2 million tons from last month, primarily due to smaller crops forecast for Brazil and China.
U.S. soybean production is projected at 3.149 billion bushels, down 106 million due to lower yield prospects, especially in the western Corn Belt. The soybean yield is forecast at 41.2 bushels per acre, down 1.4 from last month. Soybean exports were reduced 15 million bushels to 1.37 billion reflecting reduced supplies and increased competition from South America. Soybean crush was reduced 20 million bushels to 1.655 billion reflecting lower projected soybean meal exports and domestic soybean meal consumption. Soybean ending stocks were projected at 150 million bushels, down 70 million.
Global soybean production is projected almost unchanged at a record 281.7 million tons as larger crop forecasts for Brazil and Paraguay mostly offset reductions for the United States, Canada, China, and Russia. Soybean production for Brazil is forecast at a record 88 million tons, up 3 million.
U.S. cotton production is forecast at 12.9 million bales, down 1 percent from last month and down 26 percent from last year. Yield is expected to average 796 pounds per harvested acre, down 91 pounds from last year. Upland cotton production is forecast at 12.3 million bales, down 26 percent from 2012. Pima cotton production, forecast at 625,500 bales, is down 20 percent from last year.
Producers expect to harvest 7.78 million acres of all cotton, down 17 percent from 2012. This harvested total includes 7.58 million acres of upland cotton and 198,800 acres of Pima cotton.
World cotton production was raised 1 million bales, based on improved crop prospects for India, Brazil, and Greece, partially offset by reductions for the United States and Syria.
Projected U.S. wheat supplies for 2013-14 were raised 10 million bushels with higher expected imports from a larger wheat crop in Canada. Projected all-wheat ending stocks were raised 10 million bushels. Global 2013-14 wheat supplies were raised 3 million tons. World wheat production is projected at a record 708.9 million tons, up 3.5 million this month.