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

Rejeana Gvillo

08 Nov 2022

[FBN Members: Click here to access the November 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.]

On October 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 171.9 bushels and 49.8 bushels for soybeans.

FBN®’s forecast was higher at 173 bushels per acre for corn but slightly lower for soybean bushels at 49.7. 

This is down compared to 2021 yields of 177.0 bushels of corn 51.4 bushels of soybeans. 

The USDA’s next report is slated for November 9, 2022 and will be the final report for the calendar year with next year’s yield estimates to be released on January 12, 2023. 

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

The FBN Research team has been processing and analyzing data since the combines started rolling this season. We have collected 3,816 farm yield observations for corn and 1,954 for soybeans. We anticipate that data collection is close to or slightly above the halfway mark. 

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. 

Unlock the Report

Find out more by signing up to become an FBN member and downloading the November 2022 U.S. Corn & Soybean Yield Forecasts Report.

By becoming an FBN member, you'll join a global network of farmers — 48,000+ 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.

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Rejeana Gvillo

08 Nov 2022

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