Today Barchart released it’s July 2023 Crop Production and Yield Forecasts for US corn and soybeans.
The latest report indicates a decrease in US corn production with end-of-season corn production at 14,993 million bushels with a yield of 177.97 bu/ac. This compares to the previous estimate of 14,973 million bushels with a yield of 177.76 bu/a and is 0.5 (bu/ac) above the USDA’s most recent forecast.
The latest report also sees end-of-season U.S. soybean production at 4,390 million bushels with a yield of 50.76 bu/ac. This compares to the previous estimate of 4,379 million bushels with a yield of 50.62 bu/a and is 1.2 (bu/ac) below the USDA’s most recent forecast.
To learn more about Barchart’s Crop Production Forecasts or to receive API access, please visit our website. To request a trial to cmdtyView Pro, our leading commodity trading platform, please click here. Additionally, we invite you to join us at Barchart's 3-day Grain Merchandising and Technology Conference in Downtown Nashville this September, which will feature product demos, panel discussions, industry awards, a charity golf outing, and many networking opportunities. Visit our event website to learn more.
On the date of publication, Megan Hankins did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
