ADVERTISEMENT

ADVERTISEMENT

Largest U.S. soybean crop expected in 2021

Yields across the states hit by drought all saw upward revisions relative to September.

JSSP Ag News

Despite many areas of the U.S. facing extreme environmental challenges and weather – including some of the biggest agriculture contributors, such as the Dakotas, Minnesota and northern Iowa - U.S. soybean farmers are expected to produce the largest soybean crop on record, according to the U.S. Department of Agriculture.

Yields across the states hit by drought all saw upward revisions relative to September. For the Dakotas, North Dakota was taken up by 1 bushel to 26 bushes per acre and South Dakota was taken up by 2 bushels to 40 bushels per acre. The state with the largest revision was Wisconsin, with yields taken up from 49 bushels per acre to 54 bushels per acre.

The U.S. soybean yield national average is 51.5 bushels per acre.

With the recent numbers from the U.S. Department of Agriculture , increased projection for this year’s crop adds additional U.S. soybean inventory and is bearish for price. September’s upward revision in the USDA World Agricultural Supply and Demand Estimates report translated to an increase in the crop size to 4.45 billion bushels (121 million metric tons), which is a new record for U.S. production, surpassing 2017 and 2018 crops.

ADVERTISEMENT

“While we knew this would be a larger crop, we were pleasantly surprised to see this year’s crop surpassed 2018’s record,” said Mac Marshall, vice president of market intelligence for United Soybean Board. “Prices still remain strong for our farmers, but certainly having this additional supply being captured in the projected ending stocks figure means that the overall tightness in the balance sheet that we've really observed for much of the past year is starting to abate.”

United Soybean Board, as part of the soy checkoff, funds a farmer-focused education platform called Take Action, designed to help farmers manage herbicide, fungicide and insect resistance. The goal is to encourage farmers to adopt management practices that lessen the impacts of resistant pests and preserve current and future crop protection technology.

Over the next year, USB is funding projects with major universities such as University of Georgia, University of Arkansas, University of Missouri and others to pull key learnings about sustainability-supply-enabling technology, breeding to protect against things like drought, flooding and other natural disasters.

The soy industry’s 2025 sustainability goals focus on reducing land impact, soil erosion, total greenhouse gas emissions and increase energy use efficiency by 2025.

“As a farmer, one of the only constants is change, and it’s encouraging that we were able to turn such a dry year for many into one of the best for the country," said David Iverson, a fourth-generation farmer in South Dakota and United Soybean Board secretary. “The weather was very sporadic in my home area, and investments from the checkoff in initiatives, such as improved seed varieties and education on sustainable farming practices, were key in helping farmers around the country make it through this year.”

To learn more about the soybean checkoff and investments, visit unitedsoybean.org .

Related Topics: AGRICULTURESOYBEANS
What To Read Next
Confinement facilities should have room for the cattle predicted to calve during the first two weeks of the calving season.
Kevin and Lynette Thompson brought TNT Simmental Ranch to life in 1985. Now, their daughter, Shanon Erbele, and her husband, Gabriel, are taking over the reins, and their sale is for Feb. 10.
The event is free.
Even if it's not a lucrative venture, the hobby of raising rabbits continues at this farm near Sebeka, Minnesota.