Corn Balance Sheet

The 2022/23 U.S. corn outlook is for lower production, domestic use, exports, ending stocks, and higher prices. The corn crop is projected at 14.5 billion bushels, down 4.3 percent from last year.

Photo:  NCGA

Corn Balance Sheet:  Production projected at 14.5 billion bushels

The 2022/23 U.S. corn outlook is for lower production, domestic use, exports, ending stocks, and higher prices.  The corn crop is projected at 14.5 billion bushels, down 4.3 percent from last year.

The corn yield is projected at 177.0 bushels per acre, 4.0 bushels below the weather adjusted trend presented at USDA’s Agricultural Outlook Forum in February. 

The very slow start to this year’s planting in the major corn producing States and the likelihood that progress by mid-May will remain well behind normal reduce yield prospects.  

Despite beginning stocks that are up relative to a year ago, total corn supplies are forecast to decline 2.7 percent to 15.9 billion bushels.