USDA: Significantly more soybeans forecast for this year; corn expected to dip
Corn production may be down slightly across much of the Delmarva region, but soybean production may be up significantly this year.
The USDA’s soybean production forecast for Maryland, released Sept. 10, predicted 24.5 million bushels, up 12 percent from last year.
Delaware is projected to production 7.5 million bushels, a 3-percent increase, and Virginia is projected to produce 26 million bushels, a 10-percent jump.
Growers can probably thank generous regional rainfall over the last year for boosted yields, said John Hall, a farm commodities analyst in Chestertown, Md.
He said he feared the effect on the crop’s basis.
“That’s bad because we already produce too many beans on the (Eastern) Shore,” he said.
Hall writes a weekly column for The Delmarva Farmer.
Nationally, corn production is projected at 15 billion bushels, a 6-percent increase over last year.
Virginia is projected to follow suit with a forecast of 58.1 million bushels, up 13-percent from last year. But in Maryland and Delaware, corn production is projected to decline.
In Maryland, the USDA forecasted 63.2 million bushels, a 5-percent drop from 2020, and in Delaware, it’s 27.7 million bushels, a 2-percent drop.
Hall, however, said he would be surprised if corn production falls in either state.
Regional growers are likely to see yield increases. In Maryland, the USDA predicts a record-high soybean yield of 51 bushels per acre, four more than year.
In Virginia, it’s 44 bushels per acre, two more than last year, and in Delaware it’s 49 bushels, unchanged from 2020.
Corn yields in Maryland are forecasted 162 bushels per acre, seven more than last year.
In Delaware, it’s 163 bushels per acre, three more than last year, and in Virginia it’s 149 bushels per acre, a 27-bushel increase from 2020.