PIXABAY
Barchart has released its August 2022 Yield and Production forecasts for U.S. corn and soybeans, which indicates a decrease in yield for corn and a slight increase in yield for soybeans relative to the USDA's July WASDE report.
Production across both corn and soybeans has remained relatively static throughout the month.
- U.S. Corn Production: Forecast at 14.7B bushels with a yield of 177.8 bushels/acre. This compares to the USDA’s 14.5B bushels of production and 177 bushels/acre yield
- U.S. Soybean Production: Forecast at 4.6B bushels with a yield of 51.4 bushels/acre. This compares to the USDA’s 4.5B bushels of production and 51.5 bushels/acre yield
Free semi-monthly crop production and yield estimates for the U.S. and major production areas are available through the U.S. Crop Production Report.
