South Dakota corn, soybean maturity continue to lag

South Dakota corn, soybean maturity continue to lag

South Dakota corn, soybean maturity continue to lag

December wheat delivery rose 7.25 cents, or 1.67 percent, to 4.42 dollars per bushel.

In a special note, the USDA said changes to harvested area in states impacted by Hurricanes Harvey and Irma were not fully reflected in the September Crop Report because of when data were collected.

USA corn production in the 2017/18 crop year will total 14.185 billion bushels, based on an average yield of 169.9 bushels per acre, USDA said in the report. If realized, this will be the third highest yield and production on record for the United States.

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The crop progress report released September 11 shows a slight drop in soybean conditions but corn remains stable. November soybeans fell 9.5 cents, or 0.99 percent, to 9.505 dollars per bushel. In August, USDA pegged the soybean harvest at 4.381 billion bushels, based on a yield of 49.4 bushels per acre. It was $9.50 this past season. "It seems like this year so far, that's been the case".

Analysts, on average, had expected corn production of 14.035 billion bushels and a yield of 168.2 bushels per acre.

The remnants of Hurricane Irma are moving through the southeastern US bringing rain and flooding to many states. Circumstances haven't lined up this year like they did in 2013 and 2014.

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The USDA corn production and yield forecasts were above the average of trade expectations of 14 billion bushels and 167.8 bushels an acre, respectively, and were above all individual pre-report trade forecasts except one.

South Dakota's corn and soybeans crops this year are expected to fall short of last year's harvests. Total production is forecast at 330 million bushels, up 2 percent from a year ago and also a new record for the State.

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