Home > News > USDA Trims Yield, Increases Acreage for Corn, Soybeans in Latest WASDE

USDA Trims Yield, Increases Acreage for Corn, Soybeans in Latest WASDE

Posted September 13, 2023
in Top Ag News

USDA released its September World Agricultural Supply and Demand Estimates (WASDE) reports, influencing bearish corn and soybean markets. The national average corn yield estimate fell from last month to 15.13 billion bushels. Corn acres increased by a whopping 800,000 to 94.9 million, bumping total projected harvest acres to 87.1 million.

Soybean yields declined slightly to 50.1 bushels per acre, while total harvested acres increased to 83.6 million. Global ending stocks for soybeans were trimmed to 119.25 million metric tons. For wheat, USDA anticipates farmers harvesting 1.743 billion bushels, unchanged from last month’s estimates.

Read more on this month’s WASDE report here.

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