The USDA's Annual Crop Production Summary reports that soybean production in 2011 totaled 3.06 billion bushels, up slightly from the November 1 forecast but down 8 percent from 2010. United States production is the sixth largest on record. The average yield per acre is estimated at 41.5 bushels, 0.2 bushel above the November 1 forecast but 2.0 bushels below last year’s yield. Harvested area is down 4 percent from 2010 to 73.6 million acres.