August 12, 2022
BY Erin Krueger
U.S. soybean production for 2022 is expected to reach 4.53 billion bushels, up 2 percent when compared to 2021, according to the USDA National Agriculture Statistics Service’s latest Crop Production report, issued Aug. 12.
Area harvested for soybean production is forecast at 87.2 million acres, with planted area for the nation estimated at 88 million acres, up 1 percent from last year. Soybean yields are expected to average a record high 51.9 bushels per acre, up 0.5 bushel from 2021. If realized, the forecasted yields in Arkansas, Illinois, Indiana, Maryland, Mississippi, Ohio and Virginia will be record highs.
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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.
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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.
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