CHICAGO – June 6, 2023 – Barchart, a leading provider of data, tools, and software to global commodity buyers, agribusinesses, and the food supply chain, has released their initial 2023 crop production and yield forecasts for U.S. corn and soybeans, which indicates a cutback to USDA’s projected figures from the May 12 WASDE report.
Barchart’s initial forecasts see end-of-season U.S. corn production at 15B bu with a yield of 177.9 bu/ac. This compares to the USDA’s 15.3B bu of production and 181.5 bu/ac yield.
Barchart’s initial forecasts see end-of-season U.S. soybean production at 4.4B bu with a yield of 50.6 bu/ac. This compares to the USDA’s 4.5B bu of production and 52 bu/ac yield.
You can read the full report from Barchart here: https://www.barchart.com/solutions/company/press-releases/6000387/barcharts-initial-2023-crop-production-and-yield-estimates-indicates-decreased-corn-and-soybean-levels-in-contrast-to-usda