January 12, 2023
BY Erin Krueger
The USDA’s National Agricultural Statistics Service released its 2022 Crop Production Annual Summary on Jan. 12, reporting that U.S. corn growers produced 13.7 billion bushels of corn last year, down 9 percent when compared to 2021.
U.S. corn yields for 2022 are estimated at 173.3 bushels per acre, down 3.4 bushels when compared to the 2021 record high yield of 176.7 bushels per acre. Area harvested for grain was at 79.2 million acres last year, down 7 percent from 2021.
The USDA’s Grain Stocks report shows that corn stored as of Dec. 1, 2022 was estimated to be down 7 percent when compared to the same date of 2021. Corn stored in all positions was at 10.8 bushels, according to the agency.
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The USDA significantly increased its estimate for 2025-’26 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released July 11. The outlook for soybean production was revised down.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.
The USDA’s Risk Management Agency is implementing multiple changes to the Camelina pilot insurance program for the 2026 and succeeding crop years. The changes will expand coverage options and provide greater flexibility for producers.
The USDA’s National Agricultural Statistics Service on June 30 released its annual Acreage report, estimating that 83.4 million acres of soybeans have been planted in the U.S. this year, down 4% when compared to 2024.