Report Snapshot: USDA pegs huge corn, soybean crop
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2023 U.S. Corn, Soybean and Cotton Production |
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Corn |
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Production |
Yield |
Harvested acres (mil.) |
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USDA |
15.342 |
177.3 |
86.500 |
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Average est. |
15.226 |
174.9 |
87.036 |
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USDA November |
15.234 |
174.9 |
87.096 |
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Soybeans |
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Production |
Yield |
Harvested acres (mil.) |
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USDA |
4.165 |
50.6 |
82.400 |
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Average est. |
4.127 |
49.9 |
82.757 |
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USDA November |
4.129 |
49.9 |
82.791 |
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Cotton |
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Production |
Yield |
Harvested acres (mil.) |
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USDA |
12.430 |
845 |
7.06 |
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Average est. |
12.770 |
NA |
NA |
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USDA December |
12.776 |
765 |
8.021 |
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Quarterly Grain Stocks Report |
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Corn – billion bu. |
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USDA Dec. 1, 2023 |
12.169 |
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Average est. |
12.050 |
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USDA Sept. 1, 2023 |
1.361 |
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USDA Dec. 1, 2022 |
10.821 |
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Soybeans – billion bu. |
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USDA Dec. 1, 2023 |
3.000 |
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Average est. |
2.975 |
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USDA Sept. 1, 2023 |
0.268 |
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USDA Dec. 1, 2022 |
3.021 |
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Wheat – billion bu. |
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USDA Dec. 1, 2023 |
1.410 |
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Average est. |
1.387 |
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USDA Sept. 1, 2023 |
1.780 |
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USDA Dec. 1, 2022 |
1.312 |
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Winter Wheat Seedings |
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All winter wheat – million acres |
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USDA |
34.400 |
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Average est. |
35.786 |
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USDA final 2023 |
36.699 |
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HRW wheat – million acres |
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USDA |
24.00 |
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Average est. |
25.113 |
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USDA final 2023 |
25.695 |
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SRW wheat – million acres |
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USDA |
6.860 |
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Average est. |
7.077 |
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USDA final 2023 |
7.360 |
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White winter wheat – million acres |
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USDA |
3.540 |
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Average est. |
3.595 |
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USDA final 2023 |
3.644 |
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U.S. Carryover |
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Corn – billion bushels |
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2022-23 |
2023-24 |
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USDA |
NA |
2.162 |
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Average est. |
NA |
2.105 |
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USDA Dec. |
1.361 |
2.131 |
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Soybeans – million bushels |
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2022-23 |
2023-24 |
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USDA |
NA |
280 |
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Average est. |
NA |
243 |
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USDA Dec. |
268 |
245 |
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Wheat – million bushels |
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2022-23 |
2023-24 |
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USDA |
NA |
648 |
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Average est. |
NA |
658 |
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USDA Dec. |
580 |
659 |
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Cotton – million bales |
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2022-23 |
2023-24 |
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USDA |
4.25 |
2.90 |
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Average est. |
NA |
3.11 |
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USDA Dec. |
4.25 |
3.10 |
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Global Carryover |
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Corn – MMT |
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2022-23 |
2023-24 |
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USDA |
300.56 |
325.22 |
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Average est. |
NA |
313.03 |
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USDA Dec. |
300.10 |
315.22 |
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Soybeans – MMT |
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2022-23 |
2023-24 |
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USDA |
101.87 |
114.60 |
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Average est. |
NA |
111.58 |
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USDA Dec. |
101.92 |
114.21 |
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Wheat – MMT |
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2022-23 |
2023-24 |
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USDA |
271.56 |
260.03 |
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Average est. |
NA |
258.09 |
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USDA Dec. |
269.85 |
258.20 |
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Cotton – million bales |
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2022-23 |
2023-24 |
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USDA |
83.22 |
84.38 |
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Average est. |
NA |
82.41 |
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USDA Dec. |
82.83 |
82.40 |
