Commodities Buzz: USDA Cuts US Corn And Soybean Production Estimates

13 Oct 2022 , 09:48 AM

In a latest monthly update, for corn, USDA is projecting 2022-2023 yield to be 171.9 bushels per acre. The September estimate was 172.5 bushels per acre. USDA is expecting total corn production to be 13.895 billion bushels. The September estimate was 13.944 billion. USDA pegged U.S. soybean yield at 49.8 bushels per acre. The USDAs September estimate was 50.5 bushels per acre. U.S. soybean production was pegged at 4.313 billion bushels versus the September estimate of 4.378 billion.Powered by Commodity Insights