Barchart, a leading provider of data services, software and technology to global commodity buyers, agriculture, and the food supply chain, announces their initial 2022 Yield and Production forecasts for U.S. corn and soybeans – which indicates a decrease to USDA’s projected figures from the May WASDE report. 

Barchart is predicting overall US corn production at 14.2 billion bushels compared to USDA’s prediction of 14.5 billion in the May 12th WASDE report. Corn yield is predicted at 174 bushels an acre, down three on USDA.

Barchart’s prediction for soybeans is 4.4 billion bushels down 200 million on USDA and a yield of 49.5 down 2 bushels per acre on USDA.

“We’re thrilled to kick off the 2022 growing season by offering commodity professionals access to our estimates for U.S. corn and soybeans,” said Barchart CEO Mark Haraburda. 

“This has been somewhat of an unprecedented year for the commodity markets so we’re proud to be able to provide users with as much information as possible for their crop marketing decisions.” 

Barchart’s Crop Production and Yield Forecasts provide users with decision-making support for crop marketing and ingredient purchasing ahead of traditional forecasts from the USDA.

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