Report snapshot: Corn yield up nearly 2 bu. from October

USDA increased corn yield to 174.9 bu. per acre, bringing production to 15.234 billion bu. Meanwhile, soybean yield was pegged at 49.9 bu., up 0.3 bu. from last month.

usda
usda
(USDA)

U.S. Corn, Soybean and Cotton Production

Corn

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

15.234

174.9

Average est.

15.079

173.2

USDA Oct.

15.064

173.0

Soybeans

Production
(bil. bu.)

Yield
(bu. per acre)

USDA

4.129
49.9

Average est.

4.103

49.6

USDA Oct.

4.104

49.6

Cotton

Production
(mil. bales)

Yield
(lbs. per acre)

USDA

13.09
783

Average est.

12.730

NA

USDA Oct.

12.817

767

U.S. Carryover

Corn – billion bushels

2022-23

2023-24

USDA

NA

2.156

Average est.

NA

2.129

USDA Oct.

1.361

2.111

Soybeans – million bushels

2022-23

2023-24

USDA

NA

245

Average est.

NA

221

USDA Oct.

268

220

Wheat – million bushels

2022-23

2023-24

USDA

NA

684

Average est.

NA

669

USDA Oct.

580

670

Cotton – million bales

2022-23

2023-24

USDA

4.25

3.20

Average est.

NA

2.83

USDA Oct.

4.25

2.80

Global Carryover

Corn – MMT

2022-23

2023-24

USDA

299.22

314.99

Average est.

NA

312.05

USDA Oct.

298.13

312.40

Soybeans – MMT

2022-23

2023-24

USDA

100.31

114.51

Average est.

NA

115.06

USDA Oct.

101.89

115.62

Wheat – MMT

2022-23

2023-24

USDA

269.55

258.69

Average est.

NA

257.80

USDA Oct.

267.55

258.13

Cotton – million bales

2022-23

2023-24

USDA

83.04

81.50

Average est.

NA

79.73

USDA Oct.

82.84

79.92