USDA Report Snapshot | August 12, 2022

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The following are highlights from USDA's Crop Production and Supply and Demand reports today:

 

2022 U.S. Corn, Soybean and Cotton Production

                Corn     

 

Production
(bil. bu.)

Yield
(bu. per acre)

Harvested acres (mil.)

USDA

14.359

175.4

81.840

Average est.

14.392

175.9

81.837

USDA July proj.

14.505

177.0

81.940

 

Soybeans

 

Production
(bil. bu.)

Yield
(bu. per acre)

Harvested acres (mil.)

USDA

4.531

51.9

87.211

Average est.

4.481

51.1

87.724

USDA July proj.

4.505

51.5

87.511

 

Cotton

 

Production
(mil. bales)

Yield
(lbs. per acre)

Harvested acres (mil.)

USDA

12.570

846

7.13

Average est.

14.75

NA

NA

USDA July proj.

15.50

870

8.55

 

U.S. Wheat Production

 

All wheat – billion bu.

USDA

1.783

Average est.

1.791

USDA July

1.781

USDA 2021

1.646

 

Winter wheat – billion bu.

USDA

1.198

Average est.

1.203

USDA July

1.201

USDA 2021

1.277

 

HRW wheat – million bu.

USDA

576

Average est.

585

USDA July

585

USDA 2021

749

 

SRW wheat – million bu.

USDA

381

Average est.

376

USDA July

376

USDA 2021

361

 

White winter wheat – million bu.

USDA

240

Average est.

242

USDA July

240

USDA 2021

167

 

 

Other spring wheat – million bu.

USDA

511

Average est.

510

USDA July

503

USDA 2021

331

 

 

Durum wheat – million bu.

USDA

74

Average est.

77

USDA July

77

USDA 2021

37

 

U.S. Carryover

Corn – billion bushels

 

2021-22

2022-23

USDA

1.530

1.388

Average est.

1.512

1.402

USDA July

1.510

1.470

Soybeans – million bushels

 

2021-22

2022-23

USDA

225

245

Average est.

226

230

USDA July

215

230

Wheat – million bushels

 

2021-22

2022-23

USDA

660

610

Average est.

NA

650

USDA July

660

639

Cotton – million bales

 

2021-22

2022-23

USDA

3.50

1.80

Average est.

NA

2.17

USDA July

3.40

2.40

 

Global Carryover

Corn – MMT

 

2021-22

2022-23

USDA

311.84

306.68

Average est.

312.40

310.49

USDA July

312.28

312.94

Soybeans – MMT

 

2021-22

2022-23

USDA

???

???

Average est.

88.95

99.47

USDA July

88.73

99.61

Wheat – MMT

 

2021-22

2022-23

USDA

276.35

267.34

Average est.

279.98

268.00

USDA July

280.10

267.52

Cotton – million bales

 

2021-22

2022-23

USDA

84.72

82.77

Average est.

NA

83.68

USDA July

84.04

84.26

 

 

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