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Barchart Forecasts Slight Production Increase for US Corn and Soybeans

Agricultural technology and data firm Barchart released its final 2021 U.S. corn and soybean production estimates this week. 

The latest report indicates a slight increase in U.S. crop production and yield for corn and soybean, while Canadian production forecasts remain relatively unchanged over the past month. 

Barchart’s U.S. corn production forecast is 15.4 billion bushels, compared to the Department of Agriculture forecast of 15.0 billion bushels. 

The average corn yield is pegged at 182.2 bushels an acre, compared to USDA’s 176.5. 

Soybean production, projected at 4.5 billion bushels, is slightly higher than USDA’s 4.4 billion bushels. 

Barchart predicts average soybean yield at 51.4 bushels an acre, compared to USDA’s 51.5. 

Meanwhile, the report predicts Canadian spring wheat production at 746.4 million bushels, with an average yield of 46.3 bushels per acre. 

Finally, Canadian soybean production is estimated to be 223.1 million bushels, with an average yield of 42.2 bushels per acre.

(Story Courtesy of NAFB News Service)

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