The U.S. Department of Agriculture released Aug. 12 its August Crop Production report. The survey-based report has farmers indicating corn yields will reach 175.4 bushels per acre and soybean yields will be a record 51.9 bushels per acre in 2022. That’s despite extreme heat and sporadic rainfall throughout the countryside. The report provides the most recent update for U.S. commodity supplies since the June 30 Planted Acreage report, providing the next comprehensive look at overall production for the 2022 crop year.
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Shelby Myers is an economist with the American Farm Bureau Federation’s Market Intel. Visit www.fb.org/market-intel for more information.





