Barchart Releases 2023 Crop Production and Yield Estimates

Barchart Releases 2023 Crop Production and Yield Estimates
Soybeans in Farmers Hands
June 7th, 2023 | NAFB News Service

Barchart Tuesday released their initial 2023 crop production and yield forecasts for U.S. corn and soybeans. The report indicates a cutback to USDA’s projected figures from the May 12 World Agricultural Supply and Demand Report.

The Barchart forecast calls for 15 billion bushels of corn production, compared to USDA’s 15.3 billion. Corn yield is projected at 177.9 bushels per acre, compared to USDA’s 181.5. Soybean production is forecasted at 4.4 billion bushels, compared to USDA’s 3.5 billion. Soybean yield is projected by Barchart at 50.6 bushels per acre, compared to USDA’s 52 bushels per acre.

Barchart provides market data and services to the global financial, media, and commodity industries. Barchart’s Crop Production and Yield Forecasts provide users with decision-making support for crop marketing and ingredient purchasing ahead of traditional forecasts from the USDA. Bi-weekly crop production forecasts are available to the public for free, while enterprise data and cmdtyView Pro clients have access to daily forecast updates. 

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