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Oct 06, 2021

Barchart Cuts Crop Production Forecasts, Yield for U.S. and Canada

Latest report indicates decrease in U.S. crop production for both corn, soybeans and hard red winter wheat

source: Barchart

Barchart has released its October 2021 Yield and Production forecasts for U.S. and Canadian field crops.

This latest report indicates a decrease in U.S. crop production for both corn, soybeans and hard red winter wheat, as well as a decrease in Canadian production forecasts for spring wheat and soybeans.

  • U.S. Corn Production - Forecast at 15.3B bu with a yield of 182.3 bu/ac. This compares to the USDA’s 15.0B bu of production and 176.3 bu/ac yield
  • U.S. Soybean Production - Forecast at 4.4B bu with a yield of 51.3 bu/ac. This compares to the USDA’s 4.4B bu of production and 50.6 bu/ac yield
  • U.S. Hard Red Winter Wheat Production - Forecast at 45.5 bu/ac. This compares to the USDA’s yield forecast of 50.2 bu/ac (includes all winter wheat varieties)
  • Canadian Spring Wheat Production - Forecast at 746.5M bu with a yield of 46.3 bu/ac. This compares to the AAFC’s 668.0M bu of production and 38.7 bu/ac yield (includes spring wheat and winter wheat, excludes durum wheat)
  • Canadian Soybean Production - Forecast at 223.1M bu with a yield of 42.2 bu/ac. This compares to the AAFC’s 216.4M bu of production and 40.9 bu/ac yield

“As we near the end of the 2021 growing season, our forecasts have adjusted to show a decrease in yield for U.S. corn (182.3 bu/ac vs. 183.4 in September) and soybeans (51.3 bu/ac vs. 51.6 bu/ac in September),” says Barchart CEO Mark Haraburda.

“We are also seeing a decrease in yield for Canadian Spring Wheat (46.3 bu/ac vs. 47.8 bu/ac in September), while there has been a slight increase in yield for Canadian Soybeans (42.2 bu/ac vs. 42.1 bu/ac in September).”

Barchart is a leading provider of data services, software and technology to global commodity buyers, agriculture, and the food supply chain.

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Magazine

Marketwatch: Dec, 03

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.6309
high: 5.6797
low: 5.6159
close: 5.6309

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 11.9852
high: 12.1581
low: 11.9477
close: 12.111

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 8.119
high: 8.2535
low: 8.054
close: 8.2002

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 7.5939
high: 7.7096
low: 7.5239
close: 7.6525