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Corn and Soybean Production Down in 2022, USDA Reports Corn Stocks Down, Soybean Stocks Down from Year Earlier Winter Wheat Seedings up for 2023

Production for both corn and soybeans declined from last year, according to the 2022 Crop Production Annual Summary released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service.

U.S. corn growers produced 13.7 billion bushels, down 9% from 2021. Corn yield in the United States is estimated at 173.3 bushels per acre, 3.4 bushels below the 2021 record high yield of 176.7 bushels per acre. Area harvested for grain, at 79.2 million acres, is down 7% from 2021.

Soybean production for 2022 totaled 4.28 billion bushels, down 4% from 2021. The average soybean yield is estimated at 49.5 bushels per acre, 2.2 bushels below 2021, and 0.7 bushel below the Nov. 1 forecast.

For 2022, all cotton production is down 16% from 2021, at 14.7 million 480-pound bales. The U.S. yield is estimated at 947 pounds per acre, up 128 pounds from last year’s yield. Harvested area, at 7.44 million acres, is down 28% from last year.

Also released today were the Winter Wheat and Canola Seedings and Grain Stocks reports. The Winter Wheat and Canola Seedings report provides the first indicator of this year’s winter wheat acreage. Planted area for harvest in 2023 is estimated at 37.0 million acres, up 11% from 2022.

In the Grain Stocks report, corn stored as of Dec. 1, 2022, was estimated to be down 7% from Dec. 1, 2021. Soybean stocks were down 4% from a year earlier. Corn stored in all positions totaled 10.8 billion bushels, while soybeans totaled 3.02 billion bushels. All wheat stocks were down 7% from a year earlier. All wheat stored in all positions on Dec. 1, 2022, totaled 1.28 billion bushels.

The full Crop Production 2022 Summary is available online at nass.usda.gov/Publications. The report contains year-end acreage, yield and production estimates for grains and hay; oilseeds; cotton, tobacco and sugar; dry beans, peas and lentils; and potatoes and miscellaneous crops.

Source : usda.gov

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