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.
