Soybean ProductionAug 12, 2010 Soybean production is forecast at a record high 3.43 billion bushels, up 2 percent from last year. Based on August 1 conditions, yields are expected to average 44.0 bushels per acre, unchanged from last year's record high yield. Compared with last year, yields are forecast higher across the northern tier States, with increases of 4 bushels or more in Minnesota, North Dakota, Pennsylvania, and Wisconsin. The largest increase in yield from 2009 is expected in Texas, where the yield is forecast to be up 9 bushels from last year. In addition, increases are expected in the Delta States. With the exceptions of Illinois and South Carolina, yields are forecast down or unchanged across the central part of the soybean growing region, extending from the central Great Plains to the East Coast and down into the Southeast. The Mid-Atlantic States are expecting the largest declines from last year, as Delaware, Maryland, and Virginia are all expecting yields to be down more than 10 bushels from 2009 due to very hot and dry weather this summer. If realized, the forecasted yield in New York will be a record high and the forecasted yield in Arkansas will tie the previous record high. Area for harvest in the United States is forecast at 78.0 million acres, unchanged from June but up 2 percent from 2009. DISCLAIMER: This information is not to be construed as an offer to sell or a solicitation or an offer to buy the commodities herein named. The factual information of this report has been obtained from sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to the accuracy, and is not to be construed as representation by Commodity & Derivative Adv. The risk of trading futures and options can be substantial. Each investor must consider whether this is a suitable investment. Past performance is not indicative of future results. Read Entire Disclaimer. | 
