USDA increase 2023 soybean forecast

SOURCE: USDA

November 28, 2023

BY Erin Krueger

The USDA on Nov. 9 announced 2023 soybean production for beans is currently forecast at 4.13 billion bushels, up 1 percent from the October forecast, but down 3 percent from last year, according to the agency’s latest Crop Production report. 

Based on conditions as of Nov. 1. Yields are expected to average 49.9 bushels per acre, up 0.3 bushels from both the previous forecast and 2022. 

Advertisement

Advertisement

Area harvested for beans in the U.S. is forecast at 82.8 million acres, unchanged from last month’s forecast, but down 4 percent from 2022.

Advertisement

Advertisement

Related Stories

The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.

Read More

The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.

Read More

The USDA’s National Agricultural Statistics Service on June 30 released its annual Acreage report, estimating that 83.4 million acres of soybeans have been planted in the U.S. this year, down 4% when compared to 2024.

Read More

SAF Magazine and the Commercial Aviation Alternative Fuels Initiative announced the preliminary agenda for the North American SAF Conference and Expo, being held Sept. 22-24 at the Minneapolis Convention Center in Minneapolis, Minnesota.

Read More

Novel biosensor illuminates plant RNA in real time

Article image

By Oak Ridge National Laboratory

July 03, 2025

Scientists at ORNL have developed a first-ever method of detecting ribonucleic acid, or RNA, inside plant cells using a technique that results in a visible fluorescent signal. The technology could help develop hardier bioenergy and food crops.

Read More

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement