Soybean yield pegged a bushel lower than average estimate

USDA reduced the national corn yield as expected, but trimmed soybeans a bushel more than the average trade estimate of 51.5 bpa in its release of the September WASDE.

usda
usda
(USDA)

2022 U.S. Corn, Soybean and Cotton Production

Corn

Production
(bil. bu.)

Yield
(bu. per acre)

Harvested acres (mil.)

USDA

13.944

172.5

80.8

Average est.

14.088

172.5

81.686

USDA August

14.359

175.4

81.840

Soybeans

Production
(bil. bu.)

Yield
(bu. per acre)

Harvested acres (mil.)

USDA

4.378
50.5
86.6

Average est.

4.496

51.5

87.288

USDA August

4.531

51.9

87.211

Cotton

Production
(mil. bales)

Yield
(lbs. per acre)

Harvested acres (mil.)

USDA

13.83
843
7.88

Average est.

12.770

NA

NA

USDA August

12.570

846

7.13

U.S. Carryover

Corn – billion bushels

2021-22

2022-23

USDA

1.525

1.219

Average est.

1.547

1.217

USDA August

1.530

1.388

Soybeans – million bushels

2021-22

2022-23

USDA

240

200

Average est.

236

247

USDA August

225

245

Wheat – million bushels

2021-22

2022-23

USDA

660

610

Average est.

NA

618

USDA August

660

610

Cotton – million bales

2021-22

2022-23

USDA

3.75

2.70

Average est.

NA

1.86

USDA August

3.50

1.80

Global Carryover

Corn – MMT

2021-22

2022-23

USDA

312.14

306.68

Average est.

NA

302.29

USDA August

311.84

306.68

Soybeans – MMT

2021-22

2022-23

USDA

89.7

101.41

Average est.

NA

101.19

USDA August

89.73

101.41

Wheat – MMT

2021-22

2022-23

USDA

275.67

267.34

Average est.

NA

268.10

USDA August

276.35

267.34

Cotton – million bales

2021-22

2022-23

USDA

84.79

82.77

Average est.

NA

82.56

USDA August

84.72

82.77