October Crop Production Report Released


USDA’s October Crop Production Report released this morning has the Colorado corn crop forecasted at 133 million bushels, down 10 percent from 2008, while the near record U.S. forecast is for a 13 billion bushel crop, up slightly from last month and 8 percent higher than 2008. If realized, this years corn crop will be only down 0.2 percent from the 2007 record. Colorado’s average yield per acre for corn is projected to be 140 bu/ac, up 3 bu/ac from 2008, with a national average expected to be 164.2 bu/ac, possibly the highest on record.

The drop in Colorado production may be most influenced by a September 1 revision by the FSA which reduced the number of acres planted by 50,000 less than previously anticipated.

While the corn forecast was slightly disappointing, Colorado sugarbeet production is up sharply. Sugarbeet production is forecast at 970,000 tons, up 28 percent from last year with yields expected to average 27.7 tons/ac compared to 26.5 tons last year.

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