Barchart Cuts U.S. Production and Yield Forecasts for Corn and Soybeans

Barchart announced its initial 2022 yield and production forecasts for America’s 2022 corn and soybean crops. The numbers are lower than USDA’s projected figures from the May WASDE report. The organization says it’s thrilled to provide commodity professionals with their estimates for U.S. corn and soybeans. The initial Barchart end-of-season forecast shows U.S. corn production at 14.2 billion bushels with a yield of 174 bushels an acre. That compares to USDA’s prediction of 14.5 billion bushels and a yield of 177 bushels an acre. The end-of-season soybean production is forecast at 4.4 billion bushels with a yield of 49.5 bushels per acre. This compares to a USDA forecast of 4.6 billion bushels and a 51.5 bushel per acre yield. “This has been somewhat of an unprecedented year for the commodity markets,” says Barchart CEO Mark Haraburda. “We provide producers with as much information as possible for their marketing decisions.”

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