Report snapshot: U.S. corn carryover falls short of expectations
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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 |
13.930 |
172.3 |
80.8 |
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Average est. |
13.887 |
171.9 |
NA |
|
USDA October |
13.895 |
171.9 |
80.844 |
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Soybeans |
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Production |
Yield |
Harvested acres (mil.) |
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USDA |
4.346 |
50.2 |
86.6 |
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Average est. |
4.315 |
49.8 |
NA |
|
USDA September |
4.313 |
49.8 |
86.631 |
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Cotton |
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Production |
Yield |
Harvested acres (mil.) |
|
|
USDA |
14.03 |
855 |
7.88 |
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Average est. |
13.62 |
NA |
NA |
|
USDA September |
13.812 |
842 |
7.876 |
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Expectations for |
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Corn – billion bushels |
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|
2022-23 |
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|
USDA |
1.182 |
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Average est. |
1.207 |
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USDA October |
1.172 |
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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 |
220 |
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Average est. |
212 |
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USDA October |
200 |
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USDA 2021-22 |
274 |
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|
|
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Wheat – million bushels |
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|
2022-23 |
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|
USDA |
571 |
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Average est. |
578 |
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USDA October |
576 |
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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 |
3.00 |
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Average est. |
2.73 |
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USDA October |
2.8 |
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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 |
307.68 |
300.76 |
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Average est. |
NA |
300.63 |
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USDA October |
307.01 |
301.19 |
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Soybeans – MMT |
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|
|
2021-22 |
2022-23 |
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USDA |
94.67 |
102.17 |
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Average est. |
NA |
100.61 |
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USDA October |
92.38 |
100.52 |
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Wheat – MMT |
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|
|
2021-22 |
2022-23 |
|
|
276.31 |
267.82 |
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Average est. |
NA |
267.49 |
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USDA October |
276.01 |
266.52 |
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Cotton – million bales |
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|
|
2021-22 |
2022-23 |
|
USDA |
85.64 |
87.27 |
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Average est. |
NA |
88.04 |
|
USDA September |
85.26 |
87.87 |
