Below is a brief overview of the January Annual Crop Production Summary from USDA, looking back over the 2016 season.

Average Corn Yields Reach 176. bu./acre:  Corn for grain production is estimated at 15.1 billion bushels, down 1% from the November forecast but up 11% from the 2015 estimate. The average yield in the United States is estimated at 174.6 bushels per acre. This is down 0.7 bushel from the November forecast but 6.2 bushels above the 2015 average yield of 168.4 bushels per acre. Area harvested for grain is estimated at 86.7 million acres, down slightly from the November forecast but up 7% from 2015.

2016 Marks New Record for Soybean Production:  Soybean production in 2016 totaled a record 4.31 billion bushels, down 1% from the November forecast but up 10% from 2015. The average yield per acre is estimated at a record high 52.1 bushels, 0.4 bushel below the November forecast but 4.1 bushels above the previous record yield in 2015. Harvested area is up 1% from last year to a record 82.7 million acres.

Sorghum Acres, Production Drop:  Sorghum grain production in 2016 is estimated at 480 million bushels, up 4% from the November forecast but down 20% from the 2015 total. Planted area for 2016 is estimated at 6.69 million acres, down 21% from the previous year. Area harvested for grain, at 6.16 million acres, is down 22% from 2015. Grain yield is estimated at a record 77.9 bushels per acre, up 1.4 bushels from the previous forecast and up 1.9 bushels from 2015.

Rice Yields Drop Compared to 2015:  Rice production in 2016 is estimated at 224 million cwt, down 5% from the previous forecast but up 16% from the revised 2015 total. Planted area for 2016 is estimated at 3.15 million acres, up 20% from 2015. Area harvested, at 3.10 million acres, is also up 20% from the previous crop year. The average yield for all United States rice is estimated at 7,237 pounds per acre, down 256 pounds from the previous forecast and 235 pounds below the 2015 United States average of 7,472 pounds per acre.

Cotton Production Jumps Big Compared to 2015:  All cotton production is estimated at 17.0 million 480-pound bales, up 3% from the December forecast and up 32% from 2015. The United States yield is estimated at 855 pounds per acre, up 34 pounds from the December forecast and up 89 pounds from last year. Harvested area, at 9.52 million acres, is down 1% from the December forecast but up 18% from last year.