In the November edition of the Crop Production bulletin, the United States Department of Agriculture (USDA) reported that the production of soy The North American production is expected to reach 4.46 billion bushels in 2024. The number represents a reduction of 3% compared to the previous estimate, and a significant increase of 7% compared to last year.
In its November Crop Production bulletin, the United States Department of Agriculture (USDA) reported that soybean production in the United States is expected to reach 4.46 billion bushels in 2024. This figure represents a reduction of 3% compared to the previous forecast, but an increase of 7% compared to the previous year.
Regarding the average harvest yield, the estimate is 51.7 bushels per hectare, a decrease of 1.4 bushels compared to the previous forecast, but 1.1 bushels higher than last year. The soybean harvest in the country remained at 86.3 million hectares, an increase of 5% compared to 2023.
The U.S. soybean harvest was 94% complete as of November 3. This represents a five percentage point improvement over the same period last year. It is also nine percentage points above the five-year average. During this period, the harvest was progressing at or above historical rates in 17 of the 18 states tracked in the Crop Progress report.
The USDA projects record production in several states. Among them are Arkansas, Illinois, Indiana, Michigan, Mississippi, New York and Texas. This growth reflects the favorable weather conditions observed throughout the year. In addition, the positive impact of technological advances used in crops in these states is noteworthy.
Source: Seane Lennon | agrolink
