How Drought Cut Corn, Soybean Yields In 2012

Despite the drought, Iowa will retain its title as the nation's leading corn and soybean producer as 2012 harvest draws to a close.

Published on: Oct 15, 2012

Illinois will stay runner-up to Iowa in soybean production with 343.2 million bushels. Behind Iowa and Illinois in soybeans comes Minnesota, with 299 billion bushels, and Nebraska with 202 million bushels.

U.S. corn production in 2012 is estimated to be lowest since 2006

Corn production in the U.S. is forecast at 10.7 billion bushels for 2012, down slightly from the September forecast and down 13% from last year's corn crop. This represents the lowest production in the United States since 2006. Based on conditions as of October 1 when the in-the-field estimates were made, yields are expected to average 122 bushels per acre, down 0.8 bushels from the September forecast and 25.2 bushels below the 2011 average. If realized, this will be the lowest average yield since 1995.

This year's acreage of corn harvested for grain is estimated at 87.7 million acres, up less than 1% from the September forecast and up 4% from 2011.

U.S. soybean production in 2012 is estimated to be 8% below 2011

Soybean production in the U.S. is forecast at 2.86 billion bushels, up 9% from September but down 8% from last year. Based on October 1 conditions, yields are expected to average 37.8 bushels per acre, up 2.5 bushels from last month but down 4.1 bushels per acre from last year. Compared with last month, yield forecasts are higher or unchanged across all states.