USDA-NASS report predicts 19% decline in soybean production

The U.S. Department of Agriculture’s National Agricultural Statistics Service released its August acreage report recently showing updated acreage from 14 states that were not finished planting during the agency’s initial report June 28.

The weather-related delays affected soybean planting in several states including Arkansas and Missouri.

Overall, NASS estimates soybean production will be down 19% nationwide compared to 2018.

Soybean production  is forecast at 3.68 billion bushels, according to NASS. Based on conditions as of Aug. 1, yields are expected to average 48.5 bushels per harvested acre, down 3.1 bushels from 2018.

Area planted for all purposes totaled 76.7 million acres, down 4% from the previous June 28 estimate and down 14% from 2018.

Read the complete report at NASS.

NASS acreage report

 

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