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Indiana Harvested Record Number of Corn and Soybeans in 2023

By Clayton Baumgarth

On Friday the USDA released its January World Agricultural Supply and Demand Estimates (WASDE) report, which announced record yields in the nation’s corn crop production. 

Average corn yields hit a record 177.3 bushels per acre with a total production of 15.34 billion bushels. Soybean yields were high but not record breaking, with a national average of 50.6 bushels per acre and a total production of 4.17 billion bushels reported. 

In Indiana, Hoosier producers had record yields for corn and soybeans at 203 and 61 bushels per acre respectively. 

Todd Davis, chief economist for the Indiana Farm Bureau, said the records were possible, despite challenging dryness, thanks to timely rains.

“You might hear farmers talking about million-dollar rains,” he said. “And we had those timely rains that helped the crops develop.”

Davis said strong crop genetics were another key factor that helped with overall crop yields.

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USDA surprised with higher 2026 U.S. corn yields but it’s early with just over 20% of the U.S. harvest complete. NE, IA and IL corn and soybean yields continue to hold up the national average corn and soybean yields.
U.S. corn crop conditions fell 3% to 54% G-E and NE corn yield goes up 11 bpa with the 2nd wettest to record wet month of September and harvest only 15% complete??????
Some regions in the U.S. had the hottest summer in 140 years while others had record flooding?????
The Black Sea region is worse not better.
Brazilian real rally.
Brazil looks dry into November.
+ CFTC.