AgLetter: September 1997

Two reports released by the U.S. Department of Agriculture (USDA) in September—Crop Production and the World Agricultural Supply and Demand Estimates—provided a summary of expected grain and oilseed production and use in the U.S. as well as the rest of the world. The reports suggest that U.S. soybean production will reach a new high this fall, while the corn harvest is expected to be about the same as last year. While national production forecasts for corn and soybeans showed little change from the prior month, projections were trimmed somewhat for Seventh Federal Reserve District states.