Farmer Business Network released its 2022 U.S. Corn and Soybean Yield Report. According to a recent survey, analysts expect the U.S. corn yield to be 175.9 bushels per acre, and soybeans will average 51.1 bushels per acre. FBN’s latest model-based yield forecast is 170 bushels per acre for U.S. corn and 50.7 for soybeans. Among their key findings for corn, yields in Iowa and Nebraska are expected to be significantly below the strong yields of 2021. Yield expectations decreased in Missouri and the Dakotas while Indiana and Ohio have the strongest yield improvements. Soybean findings show most states are set to have smaller yields compared with last year, with the exception of the Northern Plains. Missouri, Nebraska, and South Dakota have lower yield outlooks accounting for the majority of this year’s expected decrease. FBN’s current prediction of lower U.S. yields puts the balance sheet in a position to have declining stocks.
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