Economy

North Dakota soybean production up, corn down

North Dakota soybean production up, corn down”

But, USDA increased projected fall harvest for corn and soybeans Tuesday by about one-half bushel per acre.

North Dakota's sugar beet production is forecast at just over 6 million tons, down 3 percent from last year's crop.

Don Roose, founder of U.S. Commodities, says 2017 seems to be a repeat of the 2016 corn market, when lows were put in August 31.

The average soybean yield was forecast at 49.9 bushels an acre based on September 1 conditions, up 0.5 bushel from August but down 2.2 bushels from 2016.

If realized, soybean production would be a record high, topping the previous record of 4,307 million bushels in 2016.

Sorghum for grain production in South Dakota also is forecast to decline from last year's harvest. Soybean yield is forecast at 45 bushels per acre, down 4.5 bushels from past year.

Average yield is forecast at 124 bushels per acre, down 34 bushels from previous year.

Corn and soybean futures traded lower after the report.



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