 Whenever the USDA issues a new corn production report, we will post a summary of the report on this page, including the latest statistics for Nebraska corn. Please check back on a regular basis for crop updates.
USDA 2007 Crop Production Report, Annual Summary
The USDA says Nebraska corn producers produced a 1.472 billion bushel crop in 2007. That compares to 1.178 billion in 2006 and 1.270 billion in 2005. Nebraska’s crop averaged 160 bushels per acre, a 2 bushel drop from USDA’s November estimate.
Nationally, US Producers raised 13.07 billion bushels of corn in 2007. The national average yield was 151.1 bushels per acre.
The USDA also released a grain stocks report today. The 2007-2008 corn carryover number is 1.438 billion bushels, quite a bit lower than the trade expected. December 1st stocks were 10.269 billion bushels for corn, also a bullish number.
To see the Crop Production Report, click here to go to the USDA web site.
To see the Grain Stocks Report, click here to go the USDA web site.
USDA lowers Nebraska corn forecast by 4%
The projection of Nebraska’s 2007 corn crop decreased 4%, from 1.512 billion bushels to 1.458 billion bushels, in the November USDA Crop Production report. Nebraska’s average corn yield is forecast at 162 bushels per acre, a 6 bushel drop from last month. The Nebraska Corn Board says the primary reason for the drop is that irrigated yields are not as high as previously expected . Nationally, corn production is forecast at 13.2 billion bushels, down 1% from October. Click here to view the full Crop Report on the USDA website.
October 12, 2007
USDA Crop Production Report
The latest USDA Crop Report leaves Nebraska’s corn production estimate virtually unchanged from September at 1.512 billion bushels. Nationally, the corn crop is estimated at 13.3 billion bushels, up slightly from last month. Click here to view the Crop Report on the USDA website.
September 12, 2007
NE Corn Forecast Increases
As harvest draws near, the potential size of Nebraska’s corn crop continues to grow. The latest USDA Crop Report forecasts the Nebraska crop at 1.513 billion bushels. That’s more than 50 million bushels higher than last month’s estimate of 1.462 billion bushels. Nebraska ‘s corn production in 2006 was 1.178 billion bushels.The average yield of the 2007 Nebraska corn crop is now forecast at 174 bushels per acre. That’s up six bushels from last month’s estimate, and is 22 bushels per acre higher than the 2006 average of 152 bushels per acre.To see the latest September crop production report from USDA, click here.
August 10 , 2007
USDA Crop Production Report
The first official estimate of the Nebraska’s 2007 corn crop is 1.462 billion bushels. That compares to 1.178 billion bushels in 2006 and 1.270 billion bushels in 2005. Nationwide, corn production is forecast at 13.1 billion bushels, 10.6 percent above the previous record of 11.8 billion bushels set in 2004. To see the latest Crop Production Report from USDA, click here.
June 29 , 2007
USDA Acreage Report
A surge in corn prices this spring and favorable early season weather allowed Nebraska corn producers to plant 9.1 million acres of corn this year, 100,000 acres more than the initial U.S. Department of Agriculture estimate in March and the largest corn planting in the state since 1936.
Across the U.S., farmers planted 92.9 million acres of corn this year, up 19 percent from last year and 14 percent more than 2005. Total planted acres increased 2.4 million from USDA’s initial estimate in March and is the largest planted corn acres since 1944 when 95.5 million acres were planted.
To see the latest Acreage Report from USDA, click here.
May 11, 2007
Summary of May 11 World Crop Production and Supply/Demand Report
Source: Brownfield Network
In its first estimate of this year’s corn production, USDA projected a 12.5 billion bushel U.S. harvest. But corn use for ethanol is expected to jump 58% to 3.4 billion bushels, using more corn than exports for the first time. Corn feeding is expected to decline 3%, but USDA said ethanol co-products will largely make up for that reduction.
U.S. corn ending stocks are expected to remain essentially flat at just under 950 million bushels. And while global corn production is expected to rise 8% this year, USDA predicted world coarse grain ending stocks will fall 3% this year. USDA forecast a season-average corn price of $3.10 to $3.70 per bushel, up 10 to 50 cents per bushel compared to the current year.
To see the full USDA report, click here.
March 30, 2007
U.S. Corn Acres Up 15% In Prospective Plantings Report
Everyone knows there will be more corn acres planted in 2007. However, the U.S. corn acreage estimate of 90.5 million acres is higher than most people expected. It’s up 15 percent from 2006 and 11 percent higher than 2005.
The report showed Nebraska producers intend to plant 9 million acres of corn, up 11 percent from last year’s 8.1 million acres.
The USDA also estimated U.S. quarterly corn stocks at 6.070 billion bushels as of March 1, 2007, below the 6.987 billion bushels on March 1, 2006 but above the 6.023 billion bushel average analyst estimate.
To view the March 30 Prospective Plantings Report, click here.
January 12, 2007
USDA 2006 Crop Production Report, Annual Summary
The January 12 USDA crop production and supply-demand reports were seen as bullish for corn futures. Not only did USDA cut its final estimate of 2006 U.S. corn production by over 200-million bushels (from 10.7 to 10.5 billion bushels), it also reduced its estimate of global and domestic ending stocks. The U.S. corn ending stocks estimate fell from 935 million bushels to 752 million bushels.
Nebraska ’s 2006 corn crop was pegged at 1.178 billion bushels, down from November’s estimate of 1.23 billion and the 2005 crop of 1.27 billion bushels.
To view the USDA’s 2006 Annual Summary, click here.
November 9 , 2006
November 2006 Crop Report
The latest crop report shows another reduction in the size of Nebraska’s 2006 corn crop.
USDA lowered its Nebraska estimate to 1.23 billion bushels, down slightly from the October estimate of 1.25 billion. That compares to the 2005 crop of 1.27 billion bushels.
Nationally, the corn crop is estimated at 10.745 billion bushels, down from October’s estimate of 10.905 billion. Pre-report estimates from market analysts averaged 10.838 billion.
USDA also lowered its estimate of 2006-2007 corn ending stocks, from 996 million bushels to 935 million bushels.
Informa Economics has released a prediction on U.S. planted acreage for the next crop season.
Informa expects farmers to plant a record 84.9 million acres to corn—a 6.3 million acre increase from this year. The firm also expects a five-million acre increase in all wheat acres. But Informa expects just 70 million acres of soybeans—a decline of 5.6 million acres.
For more information on today’s USDA crop report, click here to go the USDA web site.
October 12 , 2006
USDA Crop Production Report
The October 1 crop estimate from the USDA left the size of the Nebraska corn crop virtually unchanged from last month. However, the estimated average yield of the 2006 crop was increased to 161 bushels per acre, second only to the record 166 bushels per acre average in 2004.
Nebraska’s corn production is estimated at 1.25 billion bushels. That compares to the 1.27 billion bushel crop of 2005.
Nationally, USDA lowered its estimate for corn production to 10.9 billion bushels, down two percent from last month and from 2005. The national average yield is estimated at 153.5 bushels per acre, down 1.2 bushels from the September estimate. That would still be the second highest yield average on record, behind 2004.
According to Nebraska Corn Board executive director Don Hutchens, the biggest news from the USDA today is that the corn carryover estimate has dropped below one billion bushels for the first time in a decade. “The big mover in the market is a carryover below one billion bushels and a demand growth domestically like we have never seen before,” Hutchens said. “There are dozens of ethanol plants under construction across the Corn Belt, and once they are operating they will have to be fed each and every day. Throw in some increased export activity and these are some of most exciting times in production agriculture in a long time.”
Hutchens said the big question for next spring is what farmers will plant. “Wheat is in high demand and driving some early planting decisions. But if the corn markets call for more corn acres to feed the expanding ethanol industry, it will create a crossroads decision over what has traditionally been a corn/soy rotation. Both USDA officials and market analysts are saying we need three to five million more corn acres each for the next few years to be able to supply the ethanol industry.”
To see the latest USDA crop production figures, click here.
September 15 , 2006
USDA Crop Production Report
The USDA has added another 30 million bushels to the size of Nebraska’s 2006 corn crop. This month’s crop report projects the Nebraska crop at 1.25 billion bushels, compared to the August estimate of 1.22 billion. The average corn yield in Nebraska is now estimated at 157 bushels per acres, up four bushels from last month. That compares to a final average yield of 154 bushels per acre in 2005.
Nebraska Corn Board executive director Don Hutchens points out that a yield average of 157 bushels per acre would be the second highest on record. The record yield was 166 bushels per acre in 2004. “It’s a tribute to the corn hybrids that we have today and their ability to perform under very tough growing conditions,” Hutchens said. “That, and the fact that 70 percent of Nebraska’s corn crop is irrigated, allows us to be a consistent, reliable supplier.”
The projection of the total U.S. corn crop also increased over the past month. The 2006 crop is estimated at 11.114 billion bushels, compared to the August estimate of 10.976. The national average yield was pegged at 154.7 billion bushels, compared to 152.2 last month.
To go to the USDA Crop Production Report, click here.
August 11, 2006
USDA Crop Production Report
In its first major projection of this year’s corn crop, the USDA is estimating Nebraska’s corn crop at 1.22 billion bushels. That would compare to 1.27 billion bushels in 2005 and 1.32 billion bushels in 2004. The average corn yield in Nebraska is estimated at 153 bushels per acre, compared to a final average yield of 154 bushels in 2005. Corn (for grain) acreage is estimated at 7.95 million acres in Nebraska, compared to the 8.25 million harvested in 2005.
“The USDA’s crop report reflects the uniqueness of our state when it comes to maintaining a consistent and abundant corn crop,” said Don Hutches, executive director of the Nebraska Corn Board. “Our irrigated yields will remain stable during drought years, but it hits Nebraska farmers hard in the pocketbook due to higher than normal energy costs. Some dryland fields will have little production, while others that happened to catch an occasional timely rain will help keep the average yields up.”
Nationally, the corn crop is forecast at 10.98 billion bushels, compared to 11.11 billion bushels in 2005. USDA noted that yields in the western corn belt were at or below 2005’s levels as scarce precipitation and above normal temperatures depleted soil moisture, while eastern corn belt yields were generally higher than last year as frequent rains throughout much of the growing season helped maintain adequate soil moisture.
“Nebraska's strength as the third-largest corn producing state is still tied to our ability to irrigate a crop when mother nature falls short on rainfall,” Hutchens said. “Our farmers are working hard to limit the amount of water they use, which simultaneously helps limit energy costs. Also reduced plant populations and minimum-till to no-till tillage practices help reduce the amount of energy and water needed to raise dryland crops.”
To go to the USDA Crop Production Report, click here.
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