As the August WASDE report draws near, Barchart has released their August Yield and Production forecasts for U.S. corn and soybeans. 

The August Yield and Production Report forecasts end-of-season corn yield to be 177.8 bu/ac as opposed to the USDA’s July 12th forecast of 177.0 bu/ac. This increase in yield correlates to an increase in production, forecasted to be 14.7B bu. This compares to the 14.5B bu from the USDA. While corn yields displayed an increase, soybean yields fell .1 bu/ac from the USDA with a forecast of 51.4 bu/ac. This translates to a soybean production forecast of 4.6B bu compared to the USDA’s 4.5B bu. 

Barchart’s Crop Production and Yield Forecasts provide up-to-date decision-making support for users in crop marketing and ingredient purchasing, with bi-weekly forecasts ahead of the USDA. Crop Production and Yield Forecasts are available to the public for free, while enterprise data and cmdtyView Pro clients have access to daily forecast updates.  

When combined with best-in-class cash grain pricing and localized basis forecasts, Barchart is able to provide clients with unparalleled ability to analyze commodity markets.

To learn more about Barchart’s Crop Production Forecasts or to receive API access, please visit our website.  For access to cmdtyView Pro, the leading commodity trading platform, please click here.