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USDA Increases Corn Production in July WASDE

USDA increased corn production to 15.165 billion bushels (bb), reflecting the updated 92.7-million-acre planting estimate from the June 30 Acreage report. It left yield estimates unchanged at 179.5 bushel per acre (bpa). Ending stocks for the 2021-22 crop year came in at 1.432 bb.

USDA's estimated soybean average yield was left untouched at 50.8 bpa. USDA also left 2021-22 soybean production unchanged at 4.405 bb.

Spring wheat production was forecast at 345 million bushels (mb), 41% below last year. Yields are expected to average 30.7 bpa, 17.9 bpa below last year.

According to DTN Lead Analyst Dana Mantini Monday's new U.S. ending stocks estimates were bearish for corn, neutral for soybeans and bullish for wheat. 

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Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.

Video: Fendt Testimonial | Fendt 726 Vario Gen7 | Peter Watson Jones Ltd.



What happens when a farm buys its first Fendt? For Peter Watson Jones Ltd, the Fendt 726 Vario Gen7 has exceeded expectations from day one. For Jack, Farm Manager at Peter Watson Jones Ltd in North Shropshire, UK, the Fendt 726 Vario Gen7 wasn't just another tractor purchase. It was the farm's first experience with the Fendt brand.

Operating across a 1,200-acre arable farm alongside a 250,000-head broiler enterprise, the business has evolved significantly over the last decade, moving to a straight arable system with fewer staff and machines. Since arriving on the farm, the Fendt 726 Vario has established itself as the main drilling and cultivations tractor, earning its place through performance, versatility and efficiency. Whether it's handling large-scale cultivations or working with a new 4.5m strip-till drill, the tractor continues to impress.

Jack highlights its excellent manoeuvrability, operator comfort and ability to deliver strong pulling power at low engine speeds. The result? Outstanding fuel efficiency without compromising performance. Reliability has also been a key factor, with dependable backup from the team at TR Machinery helping to keep the tractor working when it matters most.

?? Watch as Jack shares why the Fendt 726 Vario Gen7, the farm's first Fendt, has made such a strong impression and become an integral part of their operation.