[Not an FBN member yet? Click the link above and create a free FBN account to unlock the report.]
On September 12, 2022, the USDA released their most recent Crop Production report. Based on initial survey-based U.S. corn and soybean yields, their results forecast U.S. corn yield to be 172.5 bushels and 50.5 bushels for soybeans.
This is down compared to 2021 yields of 177.0 bushels of corn 51.4 bushels of soybeans.
FBN®’s model-based yield forecast for U.S. corn and soybeans published in September was at a more conservative 169.5 bushels for corn and 50.6 for soybeans.
With widespread losses in Texas, Kansas and Nebraska, only Illinois is showing substantially better than expected yields so far. Corn yield observations from FBN members show few signs that USDA corn yields will need to be adjusted higher in coming reports
Ahead of the USDA’s next report, which will be released on October 12, 2022, FBN is once again looking at its own models to forecast corn and soybean yield.
Will yield increase or decrease compared to last month’s estimations? Click here to unlock the FBN Research team’s predictions in our latest report, free for FBN members. [Not an FBN member yet? Click the link and create a new member account to access the report.]
As the 2022 crop season comes to an end, FBN’s model-based yield estimate will shift to actual field observations as more data comes in from members.
In our latest report, FBN will continue to predict both U.S. corn and soybean yield ahead of USDA’s report. We will also look at how FBN’s forecasts have historically presented low yield errors compared to other published predictions.
Find out more by signing up to become an FBN member and downloading the October 2022 U.S. Corn & Soybean Yield Forecasts Report.
By becoming an FBN member, you'll join a global network of farmers — 43,000+ strong and growing — who are already taking advantage of the opportunity to reduce their production costs and maximize the value of their crops.
You’ll also have access to unique insight from experts in the latest FBN Research publication for free in the Reports section of the FBN app.
FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage, FBN BR and FBN Market Advisory - NFA ID: 0508695
Disclaimer: Commodity trading, including futures, hedging and speculating, involves substantial risk of loss and may not be suitable for all investors. All information, publications, and reports, including this specific material, used and distributed by FBN BR LLC shall be construed as a solicitation. The information and data provided comes from sources believed to be reliable but FBN BR LLC does not guarantee its accuracy or completeness. Past performance is not necessarily indicative of future results. FBN makes no representations, warranties, or guarantees as to this content.
Copyright © 2014-2022 Farmer's Business Network, Inc. All rights Reserved. "Farmers Business Network," "FBN," and "Farmers First" are registered trademarks of Farmer's Business Network, Inc. All other trademarks are the property of their respective owners.