U.S. Corn & Soybean Yield Forecasts Report: September 2022

Kevin McNew

Sep 06, 2022

[FBN Members: Click here to access the September 2022 U.S. Corn & Soybean Yield Forecasts Report]

[Not an FBN member yet? Click the link above and create a free FBN account to unlock the report.]

The USDA released their most recent Crop Production report on August 12, 2022, based on initial survey-based U.S. corn and soybean yields. Their results forecast U.S. corn yield to be 175.4 bushels and 51.9 bushels for soybeans (1). 

However, based on futures values and some trade estimates, market sentiment is that the USDA’s August corn yield estimate is too large. 

FBN®’s model-based yield forecast for U.S. corn and soybeans published in August was at a more conservative 170.0 bushels for corn and 50.7 for soybeans. Yields in Iowa and Nebraska are expected to be significantly below the strong yields seen in 2021.

Ahead of the USDA’s next report, which will be released on September 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.]

FBN Yield Forecasting

FBN has produced corn and soybean yield forecasts at the national, state and county levels since 2019. Having seen success in predicting yields relative to others in the industry, our empirical yield models are continuously updated with new information throughout the growing season based on:

  • Growing conditions

  • Crop development and health

  • Weather readings and satellite imagery

As the season progresses from late June to early October, the models generate yield predictions as new data and information becomes available. 

Analyzing FBN’s Success

In our latest report, FBN will continue to predict both U.S. corn and soybean yield ahead of USDA’s report. But we will also look at how FBN’s forecasts have historically presented low yield errors compared to other published predictions. 

Unlock the Report

Find out more by signing up to become an FBN member and downloading the September 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.


Source:

1. USDA Crop Production Report, August 12, 2022

FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage, FBN BR and FBN Market Advisory - NFA ID: 0508695

Disclaimer: The views and opinions are solely those of the author as of the date of publication, are subject to change at any time due to market or economic conditions, will not be updated or supplemented after the date hereof and may not necessarily come to pass. The views and opinions expressed herein do not reflect those of all personnel at FBN BR LLC (FBN) or the views of the Farmer's Business Network Inc. as a whole. FBN makes no representations, warranties, or guarantees as to this content.

Any charts and graphs provided are for illustrative purposes only. Any performance quoted represents past performance. Past performance does not guarantee future results. Commodity trading involves risks, including the possible loss of principal.

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Kevin McNew

Sep 06, 2022

Pay for Inputs with an Operating Line from FBN® Finance

Customers who apply and close an operating line by January 20, 2023 are eligible for 0% interest on FBN Direct® input purchases all season long.

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