US soybean production will fall from record highs

Introduction: according to the USDA at the annual agriculture Outlook Forum, the soybean production in 2005 / 06 is expected to fall to a more normal level USDA forecasts soybean production of 2.87 billion bushels in 2005 / 06, which is 271 million bushels lower than the record production of 3.141 billion bushels in 2004 / 05 In the report, economists from the U.S Department of Agriculture said that the summer temperature in 2004 was lower than normal, the precipitation was sufficient before August, and the temperature was warmer in September, which created excellent conditions for the growth of soybean crops If the weather is normal in 2005, the U.S soybean yield is expected to fall back to the trend level Based on the soybean yield trend from 1978 to 2004, the U.S Department of agriculture forecasts a soybean yield of 40 bushels / acre in 2005 In addition to 2004, the growth rate of soybean per unit area production has slowed down in the past 10 years, according to USDA economists.