COLUMBIA, MO – As October came to a close, harvest across the state neared completion. As
of November 4, an estimated 79 percent of soybean acres were harvested. Corn harvest and
rice harvest was virtually finished while sorghum and cotton acres were over 80 harvested.
This month marks the last yield and production forecasts of the season. Final estimates for
2012 will be released in January, 2013.

Missouri corn is expected to yield 75 bushels per acre as of November 1, unchanged from last
month and the lowest since the 51 bushels per acre yield in 1983. Production is estimated at
251 million bushels, likewise unchanged, off of 3.35 million acres harvested. If realized, this
would be the smallest production since 1999 when 247 million bushels were produced off of
2.55 million acres harvested.

Soybean yield in Missouri is estimated at 31 bushels per acre, an increase of one bushel over
last month but the lowest since the yield of 29.5 bushels per acre in 2003. Production of Missouri soybeans was raised to 162.8 million bushels off of 5.25 million acres harvested. This is
the smallest production in the state since 146.0 million bushels were produced in 2003 off of
4.95 million harvested acres.

U.S. Highlights: Corn production is forecast at 10.7 billion bushels, up slightly from the October forecast but down 13 percent from 2011. This represents the lowest production in the

United States since 2006. Based on conditions as of November 1, yields are expected to average 122.3 bushels per acre, up 0.3 bushel from the October forecast but 24.9 bushels below
the 2011 average. If realized, this will be the lowest average yield since 1995. Area harvested
for grain is forecast at 87.7 million acres, unchanged from the October forecast and up 4 percent from 2011.

Soybean production is forecast at 2.97 billion bushels, up 4 percent from October but down 4
percent from last year. Based on November 1 conditions, yields are expected to average 39.3
bushels per acre, up 1.5 bushels from last month but down 2.6 bushels from last year. Compared with last month, yield forecasts are higher or unchanged across all States except for Oklahoma and Texas. Area for harvest in the United States is forecast at 75.7 million acres, unchanged from October and up 3 percent from last year.