Barchart Raises Crop Production Forecasts For US Corn and Cuts Soybeans Estimate

Today, Barchart released its July 2022 Yield and Production forecasts for US corn and soybeans, which indicates an increase in US crop production for corn and a decrease in soybean production.  

Barchart's forecast for corn production is 14.7B bu with a yield of 177.5 (bu/ac).  This compares to last month’s report of 14.7B bu of production and 178.4 (bu/ac) yield.  Barchart’s July yield estimates for corn are .5 (bu/ac) above the USDA’s latest report.

Barchart's forecast for end-of-season yield for soybeans is 4.6B bu of production with a yield of 51.5 (bu/ac).  This compares to last month's report of 4.6B bu of production and 51.2 bu/ac yield.  Barchart’s July yield estimates for soybeans are equal to the USDA's most recent forecast

Barchart’s Crop Production and Yield Forecasts allow users to identify areas of opportunity before traditional USDA reports are released.  Bi-weekly crop production forecasts are available to the public for free, while enterprise data and cmdtyView Pro clients have access to daily forecast updates.  
 

To learn more about Barchart’s Crop Production Forecasts or to receive API access, please visit our website.  To request access to cmdtyView Pro, the leading commodity trading platform, please click here.

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