According to USDA’s 2018 crop production summary, 4.54 billion bushels of soybeans were produced in 2018, a record amount that comes in 3% over 2017’s harvest, reports Agri-Pulse.
The record production was grown on fewer acres (down 2% from 2017) but with a higher yield (an average of 51.6 average bushels/acre, up 2.3 bushels from 2017).
Analysts predict producers will plant fewer acres of soybeans this year.
USDA also reported 14.4 billion bushels of corn from U.S. producers in 2018, down slightly from the anticipated figures released in 2017.
