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.
