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The Decline of Corn and Soybean Production in 2022

Corn and soybean production saw a decline from 2021 to 2022, according to the USDA’s National Agricultural Statistics Service (NASS)’ 2022 Crop Production Annual Summary.

Corn growers in the U.S. produced 13.7 billion bushels, a 9% decrease from 2021. U.S. corn yield is 3.4 bushels below 2021 — a year that hit a record high for yield at 176.7 bushels per acre — at 173.3 bushels per acre. Area harvested for grain dropped 7%, coming in at 79.2 million acres.

In 2022, soybean production was recorded at 4.28 billion bushels, a 4% decrease from 2021. The estimated average soybean yield comes in at 49.5 bushels per acre, falling 2.2 bushels below 2021 and coming up .7 bushel short from the Nov. 1 forecast.

All cotton production totaled 14.7 million 480-pound bales, a 16% decrease from 2021. The estimated U.S. yield is 947 pound per acre, a 128-pound increase from 2021’s yield. Harvested area is down 28% at 7.44 million acres.

The Winter Wheat and Canola Seedings and Grain Stocks reports were also released by NASS. This year’s estimated planted area for harvest is 37.0 million acres, an 11% increase from 2022.

The Grain Stocks report shared that the estimated corn stored as of Dec. 1, 2022, will be down 7% from the same time in 2021. Soybean stocks declined 4% from the year prior. The total of corn stored in all positions came in at 10.8 billion bushels, while soybeans hit 3.02 billion bushels. All wheat stocks saw a 7% decrease from a year earlier. On Dec. 1, 2022, all wheat stored in all positions totaled 1.28 billion bushels.

For the full Crop Production 2022 Summary, visit https://www.nass.usda.gov/Publications/.

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