The USDA’s National Ag Statistics Service forecasted U.S. corn production down from 2021 and soybean production up from last year. 

The corn production forecast is 14.4 billion bushels, down five percent from last year. 

Soybean production is forecast at 4.53 billion bushels, up two percent from 2021. Average corn yield is forecast at 175.4 bushels an acre, down 1.6 bushels from 2021. 

USDA says soybean yields will average a record-high of 51.9 bushels an acre, a half-bushel higher than last year. Wheat production is predicted at 1.78 billion bushels, eight percent higher than in 2021. Growers will likely produce 1.20 billion bushels of winter wheat, down six percent from last year. 

Spring wheat forecast is 55 percent higher this year at 512 million bushels. NASS forecasts all cotton production at 12.6 million 480-pound bales, 28 percent lower than last year. Yield will average 846 pounds per harvested acre, up 27 pounds from 2021.

The USDA’s National Ag Statistics Service forecasted U.S. corn production down from 2021 and soybean production up from last year. The corn production forecast is 14.4 billion bushels, down five percent from last year. Soybean production is forecast at 4.53 billion bushels, up two percent from 2021. Average corn yield is forecast at 175.4 bushels an acre, down 1.6 bushels from 2021. USDA says soybean yields will average a record-high of 51.9 bushels an acre, a half-bushel higher than last year. Wheat production is predicted at 1.78 billion bushels, eight percent higher than in 2021. Growers will likely produce 1.20 billion bushels of winter wheat, down six percent from last year. Spring wheat forecast is 55 percent higher this year at 512 million bushels. NASS forecasts all cotton production at 12.6 million 480-pound bales, 28 percent lower than last year. Yield will average 846 pounds per harvested acre, up 27 pounds from 2021.

USDA forecasts lower corn production and higher soybean production than last year