USDA Report Snapshot: Big yield cuts for corn, soybeans

USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.

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January 10, 2025 11:20 AM

U.S. Corn, Soybean and Cotton Production
Corn
	Production (bil. bu.)	Yield(bu. per acre)
USDA	14.867	179.3
Average est.	15.095	182.7
USDA November	15.143	183.1

Soybeans
	Production (bil. bu.)	Yield(bu. per acre)
USDA	4.366	50.7
Average est.	4.453	51.6
USDA November	4.461	51.7

Cotton
	Production (mil. bales)	Yield(lbs. per acre)
USDA	14.41	836
Average est.	14.16	NA
USDA December	14.255	792

Quarterly Grain Stocks Report
Corn – billion bu.
USDA Dec. 1, 2024	12.074
Average est.	12.147
USDA Sept. 1, 2024	1.760
USDA Dec. 1, 2023	12.171

Soybeans – billion bu.
USDA Dec. 1, 2024	3.100
Average est.	3.208
USDA Sept. 1, 2024	0.342
USDA Dec. 1, 2023	3.001

Wheat – billion bu.
USDA Dec. 1, 2024	1.570
Average est.	1.565
USDA Sept. 1, 2024	1.986
USDA Dec. 1, 2023	1.421

Winter Wheat Seedings
All winter wheat – million acres
USDA	34.115
Average est.	33.366
USDA final 2024	33.390

HRW wheat – million acres
USDA	24.000
Average est.	23.733
USDA final 2024	23.787

SRW wheat – million acres
USDA	6.440
Average est.	6.141
USDA final 2024	6.062

White winter wheat – million acres
USDA	3.640
Average est.	3.496
USDA final 2024	3.541

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