USDA Predicts More Corn, Less Soybeans and Cotton

Cindy Zimmerman

Corn production is up, while soybean and cotton production is down from 2022, according to the latest Crop Production report issued Tuesday by USDA’s National Agricultural Statistics Service (NASS).

Corn production is forecast to be up 10% from last year, at 15.1 billion bushels; soybean growers production is down 3% from 2022, forecast at 4.15 billion bushels; and cotton production is 9% lower than last year at 13.1 million 480-pound bales.

The average U.S. corn yield is forecast at 173.8 bushels per acre, down 1.3 bushels from last month’s forecast but up 0.5 bushel from last year. NASS forecasts record high yields in Ohio and South Carolina. Acres planted to corn, at 94.9 million, are up 7% from 2022. Area to be harvested for grain is forecast at 87.1 million acres, up 1% from last month and 10% more than was harvested last year. As of Sept. 3, 53% of this year’s corn crop was reported in good or excellent condition, one percentage point below the same time last year.

Area for soybean harvest is forecast at 82.8 million acres, up slightly from last month but 4% less than was harvested last year. Planted area for the nation, estimated at 83.6 million acres, is down 4% from last year. Soybean yields are expected to average 50.1 bushels per acre, down 0.8 bushel from last month’s forecast but up 0.6 bushel from 2022. If realized, the forecasted yields in Arkansas, Indiana, Kentucky, Mississippi, New York, Ohio, and Tennessee will be record high.

NASS forecasts all cotton area to be harvested at 8.02 million acres, 7% below last month’s forecast, but 10% more acres than were harvested last season. Yield is expected to average 786 pounds per harvested acre, up 7 pounds from last month’s forecast, but down 164 pounds from 2022. Area planted to all cotton is estimated at 10.2 million acres, down 26% from last year.

Corn, Cotton, Soybean, USDA