Report snapshot: quarterly stocks short of pre-report estimates
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2022 U.S. Corn, Soybean and Cotton Production |
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Corn |
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Production |
Yield |
Harvested acres (mil.) |
|
|
USDA |
13.730 |
173.3 |
79.2 |
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Average est. |
13.933 |
172.5 |
80.763 |
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USDA November |
13.930 |
172.3 |
80.844 |
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Soybeans |
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|
Production |
Yield |
Harvested acres (mil.) |
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USDA |
4.276 |
49.5 |
86.3 |
|
Average est. |
4.362 |
50.3 |
86.621 |
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USDA November |
4.346 |
50.2 |
86.631 |
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Cotton |
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Production |
Yield |
Harvested acres (mil.) |
|
|
USDA |
14.68 |
947 |
7.44 |
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Average est. |
14.140 |
NA |
NA |
|
USDA December |
14.242 |
868 |
7.876 |
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Quarterly Grain Stocks Report |
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|
Corn – billion bu. |
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|
USDA Dec. 1, 2022 |
10.809 |
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Average est. |
11.153 |
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USDA Sept. 1, 2022 |
1.377 |
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USDA Dec. 1, 2021 |
1.1642 |
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Soybeans – billion bu. |
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|
USDA Dec. 1, 2022 |
3.022 |
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Average est. |
3.132 |
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USDA Sept. 1, 2022 |
0.274 |
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USDA Dec. 1, 2021 |
3.152 |
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Wheat – billion bu. |
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|
USDA Dec. 1, 2022 |
1.280 |
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Average est. |
1.344 |
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USDA Sept. 1, 2022 |
1.776 |
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USDA Dec. 1, 2021 |
1.378 |
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Winter Wheat Seedings |
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|
All winter wheat – million acres |
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|
USDA |
36.950 |
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Average est. |
34.485 |
|
USDA final 2022 |
33.271 |
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|
|
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HRW wheat – million acres |
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|
USDA |
25.3 |
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Average est. |
23.824 |
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USDA final 2022 |
23.083 |
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|
|
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SRW wheat – million acres |
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|
USDA |
7.90 |
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Average est. |
6.890 |
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USDA final 2022 |
6.570 |
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|
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White winter wheat – million acres |
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|
USDA |
3.73 |
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Average est. |
3.631 |
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USDA final 2022 |
3.618 |
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Expectations for |
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Corn – billion bushels |
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|
2022-23 |
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|
USDA |
1.242 |
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Average est. |
1.314 |
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USDA December |
1.257 |
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USDA 2021-22 |
1.377 |
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Soybeans – million bushels |
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|
2022-23 |
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|
USDA |
210 |
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Average est. |
236 |
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USDA December |
220 |
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USDA 2021-22 |
274 |
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Wheat – million bushels |
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|
2022-23 |
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|
USDA |
567 |
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Average est. |
580 |
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USDA December |
571 |
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USDA 2021-22 |
600 |
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Cotton – million bales |
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|
2022-23 |
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|
USDA |
4.20 |
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Average est. |
3.50 |
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USDA December |
3.50 |
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USDA 2021-22 |
3.75 |
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Global Carryover |
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Corn – MMT |
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|
2021-22 |
2022-23 |
|
USDA |
305.95 |
296.42 |
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Average est. |
NA |
297.86 |
|
USDA December |
307.09 |
298.40 |
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Soybeans – MMT |
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|
|
2021-22 |
2022-23 |
|
USDA |
98.22 |
103.52 |
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Average est. |
NA |
101.69 |
|
USDA December |
95.59 |
102.71 |
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Wheat – MMT |
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|
2021-22 |
2022-23 |
|
USDA |
276.82 |
268.39 |
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Average est. |
NA |
268.02 |
|
USDA December |
276.31 |
267.33 |
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Cotton – million bales |
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|
2021-22 |
2022-23 |
|
USDA |
85.34 |
89.93 |
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Average est. |
NA |
89.46 |
|
USDA December |
85.44 |
89.56 |
