Market Commentary and Intraday News

SD corn, soybean production expected to drop

284 days ago

(AP:SIOUX FALLS, S.D.) Production estimates for the majority of crops in South Dakota are down from last year, as drought continues around the state.

The Department of Agriculture's first forecast for 2012 estimates South Dakota's corn crop at 519.4 million bushels, down 21 percent over the year, and the soybean crop at just under 138 million bushels, down 8 percent.

USDA also predicts decreases over the year in South Dakota's alfalfa hay and sorghum production but increases for spring wheat, oats and dry edible beans. The state's winter wheat crop is pegged at 62.4 million bushels, down 7 percent from 2011.

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