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Harvest still looks solid but not as good as a month ago

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Harvest still looks solid but not as good as a month ago
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Minnesota's 2008 corn and soybean crop may increase slightly from 2007, but the forecasts aren't as good as they appeared last month.

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According to the U.S. Department of Agriculture's monthly crop report, released Monday, Minnesota's corn yields is expected at 1.22 billion bushels, which is 7 percent higher than the 2007 harvest. If the projection holds, it would break the record of 1.19 billion bushels set in 2005. Minnesota's average yield is expected to be 168 bushels per acre, which is 22 bushels more than in 2007.

Minnesota's soybean harvest estimate is down 3 percent to 269 million bushels from last month's report, although that represents an increase from last year. The state's 39.0 bushels per acre estimate is one bushel lower than the October forecast and is 3.5 bushels lower than last year's yield.

The U.S. soybean harvest is expected to be 2.92 billion bushels, down from 2.94 billion estimated last month. The soybean harvest is expected to yield 39.3 bushels per acre. That's down from 39.5 bushels per acre projected last month.

The U.S. corn forecast is about 12 billion bushels, down from the October forecast and 8 percent below 2007's harvest. At the beginning of November, yields of an average 153.8 bushels per acre are expected, which is down slightly from October but is 2.7 bushels above last year.

According to the report, as of Nov. 9, 75 percent of the corn crop was harvested, compared to 95 percent last year and 90 percent average.

The sugarbeet harvest was at 95 percent complete, compared to 100 percent last year and on average.

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