March 20, 2023

U.S. corn, cotton and soybean manufacturing down in 2022

Manufacturing for corn, cotton and soybeans declined from final 12 months, in keeping with the 2022 Crop Manufacturing Annual Abstract launched by america Division of Agriculture’s Nationwide Agricultural Statistics Service.

Drought ravaged almost each state throughout the 12 months and it had impacts on harvested acres and yields.

U.S. corn growers produced 13.7 billion bushels, down 9% from 2021. Corn yield in america is estimated at 173.3 bushels per acre, 3.4 bushels beneath the 2021 document excessive yield of 176.7 bushels per acre. Space harvested for grain, at 79.2 million acres, is down 7% from 2021.

Soybean manufacturing for 2022 totaled 4.28 billion bushels, down 4% from 2021. The typical soybean yield is estimated at 49.5 bushels per acre, 2.2 bushels beneath 2021, and 0.7 bushel beneath the Nov. 1 forecast.

For 2022, all cotton manufacturing is down 16% from 2021, at 14.7 million 480-pound bales. The U.S. yield is estimated at 947 kilos per acre, up 128 kilos from final 12 months’s yield. An estimated 7.44 million acres had been harvested, down 28% from final 12 months.

Winter Wheat acres look like up this 12 months. Planted space for harvest in 2023 is estimated at 37.0 million acres, up 11% from 2022.

The Grain Shares report, corn saved as of Dec. 1, is estimated to be down 7% from Dec. 1, 2021. Soybean shares had been down 4% from a 12 months earlier. Corn saved in all positions totaled 10.8 billion bushels, whereas soybeans totaled 3.02 billion bushels. All wheat shares had been down 7% from a 12 months earlier. All wheat saved in all positions on Dec. 1, 2022, totaled 1.28 billion bushels.

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The complete Crop Manufacturing 2022 Abstract is obtainable on-line at this hyperlink. The report accommodates year-end acreage, yield and manufacturing estimates for grains and hay; oilseeds; cotton, tobacco and sugar; dry beans, peas and lentils; and potatoes and miscellaneous crops.

Regardless of a nationwide decline, soybean farmers within the Pure State had a greater 12 months as in comparison with 2021. Arkansas farmers harvested 3.15 million acres, up almost 140,000 acres from 2021, in keeping with the USDA. Yield from these acres is projected to prime 53 bushels per acre, a state document.

Corn farmers in Arkansas didn’t fare as nicely. Farmers within the state harvested 690,000 of the 710,000 acres of corn planted in 2022 The variety of acres planted was down 16.5% from final 12 months. The state common yield was 176 bushels per acre, down 4.3% from the prior 12 months’s 183 bushels per acre.

Cotton farmers within the state harvest an estimated 630,000 acres over the last rising season, an almost 30% improve from 2021. The spike in acres was pushed by greater costs. The closely marketed December futures contract traded to a excessive of $1.3379 per pound in mid-Might.

It was the very best value for cotton since 2011, in keeping with agriculture economist Scott Stiles.