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Barchart Raises U.S. Crop Production Forecasts

Canadian production forecasts are showing a decrease for spring wheat and soybeans

PEXELS.com
PEXELS.com

Barchart releases its September 2021 Yield and Production forecasts for U.S. and Canadian field crops.

This latest report indicates an increase in U.S. crop production for both corn, soybeans and hard red winter wheat, while Canadian production forecasts are showing a decrease for spring wheat and soybeans.

“As we begin the final weeks of the growing season before entering into harvest, our forecasts have adjusted to show an increase in yield for U.S. corn (183.6 bu/ac vs. 180.2 in August), soybeans (51.3 bu/ac vs. 51.0 bu/ac in August) and winter wheat (45.5 bu/ac vs. 45.4 bu/ac in August)," says Barchart CEO Mark Haraburda.

“On the other hand, while we have seen an increase in yield for U.S. crops, yield for Canadian crops are showing a decrease in spring wheat (47.9 bu/ac vs. 50.6 bu/ac in August) and soybeans (42.2 bu/ac vs. 42.6 bu/ac in August).”

To learn more about Barchart’s Crop Production Forecasts or to receive API access, please click here.

About Barchart
Barchart is a leading provider of market data and services to the global financial, media, and commodity industries.

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