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Corn production declines soybeans rise in 2024 USDA reports

Corn production declines soybeans rise in 2024 USDA reports


By Jamie Martin

The USDA's 2024 Crop Production Annual Summary outlines significant changes in U.S. agriculture. Corn production declined 3% from 2023, totalling 14.9 billion bushels.

Despite the decrease, a record yield of 179.3 bushels per acre was achieved, surpassing the 2023 yield by 2.0 bushels. Harvested corn area dropped by 4% to 82.9 million acres.

Soybean production rose 5% to 4.37 billion bushels. The average yield reached 50.7 bushels per acre, slightly higher than 2023 levels but 1.0 bushel below earlier forecasts.

Cotton production grew by 19%, reaching 14.4 million 480-pound bales. However, the yield decreased to 836 pounds per acre. The harvested area expanded significantly, up 28% to 8.27 million acres.

The Winter Wheat and Canola Seedings report estimates 34.1 million acres planted for harvest in 2025, reflecting a 2% increase from 2024.

Grain stocks data showed corn stocks declining 1% to 12.1 billion bushels, while soybean stocks increased by 3% to 3.10 billion bushels. Wheat stocks experienced a 10% rise, totalling 1.57 billion bushels as of December 1, 2024.

These findings provide essential updates for farmers and stakeholders. Access the full report at nass.usda.gov/publications.

Photo Credit: gettyimages-studio2013


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