US soybean production outlook reduced by 56 million bushels

Lead: July 18: according to bill Tierney, an agricultural economist at Kansas State University, who uses the University's computer model of per unit yield, the US soybean production prospects have been reduced by more than 2% in the past week due to the high temperature and drought in the Midwest At the same time, the more moderate weather in the northern plain improved the harvest prospects of spring wheat As far as American soybeans are concerned, Tierney said that the results calculated according to the unit yield model of the state, region and the whole country show that the soybean production in 2001 should be reduced to between 2867 million bushels and 2953 million bushels The statistical midpoint of this range is 2.91 billion bushels, which is 56.5 million bushels lower than last week's Tierney single yield model and 2.935 billion bushels lower than the U.S Department of agriculture forecast in July Soybean production in the United States in 2000 was 2.77 billion bushels "This week's yield estimate went from the highest of 39.7 bushels to the lowest of 38.6 bushels (/ acre)," he said Last year's yield was 38.1 bushels, compared with the USDA's July forecast of 39.5 bushels The trend in 2001 was 40.2 bushels " Tierney's model this week is more optimistic about spring wheat production After analyzing six major spring wheat production states by state, it is predicted that the output report in August will show 549 million bushels Although it is 2 million bushels less than last year, it is 35 million bushels higher than the USDA's July estimate and 19 million bushels higher than Tierney's last week estimate Although Tierney said its forecast for soft spring wheat production was 9 million bushels lower than a week ago, only 39 million bushels, the decrease was offset and exceeded by the model's prediction of a 6% increase in hard spring wheat production "The model predicts a yield of 510 million bushels of Duroc spring wheat, 37 million bushels higher than the USDA's July estimate," he said