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USDA raises 2022 corn, soybean crop estimates
The USDA has increased projections for the 2022 U.S. corn and soybean crops.
As of November 1st, corn production is estimated at 13.93 billion bushels, with an average yield of 172.3 bushels per acre, both a bit higher than in October. Harvested area is seen at 80.844 million acres.
Soybeans are pegged at 4.346 billion bushels, 1% above a month ago with an average yield of 50.2 bushels per acre, fractionally more than last month. Harvested area is projected at 86.631 million acres.
These numbers will vary in between now and the final report in January, but corn and soybean production be lower than 2021 due to a decline in yield and changes in acreage. A year ago, corn production totaled 15.074 billion bushels with an average yield of 176.7 bushels per acre on harvested area of 85.318 million acres, while soybeans totaled 4.465 billion bushels with an average yield of 51.7 bushels per acre on harvested area of 86.312 million acres.
The USDA’s new crop U.S. corn ending stocks guess was up on the month with higher production canceling out increased feed use, while new domestic soybean ending stocks were above a month ago because of higher production against improved crush demand.
U.S. wheat ending stocks were down modestly from October on expectations for greater food use.
The USDA’s next set of supply, demand, and production numbers is out December 9th.
Comparisons for Brownfield states:
Arkansas: Corn: 141.44 million bushels, compared to 152.72 million in 2021; Yield: 176 bushels per acre, compared to 176 a month ago and 184 a year ago; Harvested Area: 690,000 acres, compared to 830,000 last year
Soybeans: 166.95 million bushels, compared to 156 million in 2021; Yield: record 53 bushels per acre, compared to 53 a month ago and 52 a year ago; Harvested Area: 3.15 million acres, compared to 3 million last year
Illinois: Corn: 2.268 billion bushels, compared to 2.192 billion in 2021; Yield: record 215 bushels per acre, compared to 210 a month ago and 202 a year ago; Harvested Area: 10.55 million acres, compared to 10.85 million last year
Soybeans: 684.8 million bushels, compared to 683.15 million in 2021; Yield: 64 bushels per acre, compared to 64 a month ago and 65 a year ago; Harvested Area: 10.7 million acres, compared to 10.51 million last year
Indiana: Corn: 964.55 million bushels, compared to 1.028 billion in 2021; Yield: 191 bushels per acre, compared to 187 a month ago and 195 a year ago; Harvested Area: 5.05 million acres, compared to 5.27 million last year
Soybeans: 343.97 million bushels, compared to 338.4 million in 2021; Yield: 59 bushels per acre, compared to 59 a month ago and 60 a year ago; Harvested Area: 5.83 million acres, compared to 5.64 million last year
Iowa: Corn: 2.515 billion bushels, compared to 2.54 billion in 2021; Yield: 202 bushels per acre, compared to 200 a month ago and 204 a year ago; Harvested Area: 12.45 million acres, unchanged from last year
Soybeans: 591.18 million bushels, compared to 631.89 million in 2021; Yield: 59 bushels per acre, compared to 58 a month ago and 63 a year ago; Harvested Area: 10.02 million acres, compared to 10.03 million last year
Kansas: Corn: 592.25 million bushels, compared to 750.6 million in 2021; Yield: 115 bushels per acre, compared to 115 a month ago and 139 a year ago; Harvested Area: 5.15 million acres, compared to 5.4 million last year
Soybeans: 140 million bushels, compared to 192 million last year; Yield: 28 bushels per acre, compared to 28 a month ago and 40 a year ago; Harvested Area: 5 million acres, compared to 4.8 million last year
Michigan: Corn: 323.08 million bushels, compared to 346.26 million in 2021; Yield: 164 bushels per acre, compared to 166 a month ago and 174 a year ago; Harvested Area: 1.97 million acres, compared to 1.99 million last year
Soybeans: 102.58 million bushels, compared to 109.14 million in 2021; Yield: 46 bushels per acre, compared to 46 a month ago and 51 a year ago; Harvested Area: 2.23 million acres, compared to 2.14 million last year
Minnesota: Corn: 1.442 billion bushels, compared to 1.388 billion in 2021; Yield: 191 bushels per acre, compared to 190 a month ago and 177 a year ago; Harvested Area: 7.55 million acres, compared to 7.84 million last year
Soybeans: 369 million bushels, compared to 356.26 million in 2021; Yield: 50 bushels per acre, compared to 50 a month ago and 47 a year ago; Harvested Area: 7.38 million acres, compared to 7.58 million last year
Missouri: Corn: 492.8 million bushels, compared to 545.37 million in 2021; Yield: 154 bushels per acre, compared to 151 a month ago and 159 a year ago; Harvested Area: 3.2 million acres, compared to 3.43 million last year
Soybeans: 290.4 million bushels, compared to 276.85 million in 2021; Yield: 48 bushels per acre, compared to 45 a month ago and 49 a year ago; Harvested Area: 6.05 million acres, compared to 5.65 million last year
Nebraska: Corn: 1.562 billion bushels, compared to 1.855 billion in 2021; Yield: 168 bushels per acre, compared to 172 a month ago and 194 a year ago; Harvested Area: 9.3 million bushels, compared to 9.56 million last year
Soybeans: 285 million bushels, compared to 350.91 million in 2021; Yield: 50 bushels per acre, compared to 49 a month ago and 63 a year ago; Harvested Area: 5.7 million acres, compared to 5.57 million last year
Ohio: Corn: 580.32 million bushels, compared to 644.62 million in 2021; Yield: 186 bushels per acre, compared to 187 a month ago and 193 a year ago; Harvested Area: 3.12 million acres, compared to 3.34 million last year
Soybeans: 279.4 million bushels, compared to 278.16 million in 2021; Yield: 55 bushels per acre, compared to 55 a month ago and 57 a year ago; Harvested Area: 5.08 million acres, compared to 4.88 million last year
South Dakota: Corn: 656.25 million bushels, compared to 734.32 million in 2021; Yield: 125 bushels per acre, compared to 130 a month ago and 134 a year ago; Harvested Area: 5.25 million acres, compared to 5.48 million last year
Soybeans: 196.95 million bushels, compared to 215.6 million in 2021; Yield: 39 bushels per acre, compared to 40 a month ago and 40 a year ago; Harvested Area: 5.05 million acres, compared to 5.39 million last year
Tennessee: Corn: 104.65 million bushels, compared to 161.5 million in 2021; Yield: 130 bushels per acre, compared to 126 a month ago and 170 a year ago; Harvested Area: 805,000 acres, compared to 950,000 last year
Soybeans: 74.52 million bushels, compared to 76 million in 2021; Yield: 46 bushels per acre, compared to 46 a month ago and 50 a year ago; Harvested Area: 1.62 million acres, compared to 1.52 million last year
Wisconsin: Corn: 536.9 million bushels, compared to 540 million in 2021; Yield: record 182 bushels per acre, compared to 182 a month ago and 180 a year ago; Harvested Area: 2.95 million acres, compared to 3 million last year
Soybeans: 115.02 million bushels, compared to 113.85 million in 2021; Yield: 54 bushels per acre, compared to 54 a month ago and 55 a year ago; Harvested Area: 2.13 million acres, compared to 2.07 million last year
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