US Production Forecast Report

June 15, 2021

Barchart's forecasts for end-of-season yield are 173.2 (bu/ac) for Corn, and 49.3 (bu/ac) for Beans.
Our Corn forecast is 6.3 (bu/ac) below the USDA, and our Soybean forecast is 1.5 (bu/ac) below
the USDA's most recent forecast.

Corn Soybeans

Production Production Production Production

Jun 15th Jun 10th Jun 15th Jun 10th

14.4 15.0 4.3 4.4

billion bushels billion bushels billion bushels billion bushels

Yield Yield Yield Yield

Jun 15th Jun 10th Jun 15th Jun 10th

173.2 179.5 49.3 50.8

bushels per acre bushels per acre bushels per acre bushels per acre

Area Harvested Area Harvested Area Harvested Area Harvested

Jun 15th Jun 10th Jun 15th Jun 10th

83.3 83.5 86.6 86.7

million acres million acres million acres million acres

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US Production Forecast Report | June 15, 2021 Agriculture

Corn Production Soybean Production

Millions of Bushels Millions of Bushels
State Symbol 06-15-21 06-02-21 Change % Change State Symbol 06-15-21 06-02-21 Change % Change
United States ZCDAUS.CM 14,429 14,429 - - United States ZSDAUS.CM 4,266 4,266 - -
Iowa ZCDAIA.CM 2,462 2,462 - - Iowa ZSDAIA.CM 539 539 - -
Illinois ZCDAIL.CM 2,017 2,017 - - Illinois ZSDAIL.CM 599 599 - -
Nebraska ZCDANE.CM 1,764 1,764 - - Nebraska ZSDANE.CM 313 313 - -
Minnesota ZCDAMN.CM 1,412 1,412 - - Minnesota ZSDAMN.CM 370 370 - -
Indiana ZCDAIN.CM 897 897 - - Indiana ZSDAIN.CM 315 315 - -
Kansas ZCDAKS.CM 743 743 - - Kansas ZSDAKS.CM 181 181 - -
South Dakota ZCDASD.CM 804 804 - - South Dakota ZSDASD.CM 253 253 - -
Missouri ZCDAMO.CM 497 497 - - Missouri ZSDAMO.CM 258 258 - -
Wisconsin ZCDAWI.CM 547 547 - - Wisconsin ZSDAWI.CM 110 110 - -
Ohio ZCDAOH.CM 560 560 - - Ohio ZSDAOH.CM 265 265 - -

cmdty vs. USDA cmdty vs. USDA

IA IA

IL IL

NE NE

MN MN

IN IN

KS KS

SD SD

MO MO

WI WI

OH OH
cmdty Jun '21 cmdty Jun '21

0.5 1 1.5 2 2.5 0.1 0.2 0.3 0.4 0.5 0.6

Production (billions of bushels) Production (billions of bushels)

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US Production Forecast Report | June 15, 2021 Agriculture

Corn Yield Soybean Yield

Bushels Per Acre Bushels Per Acre
State Symbol 06-15-21 06-02-21 Change % Change State Symbol 06-15-21 06-02-21 Change % Change
United States ZCYAUS.CM 173.17 173.17 - - United States ZSYAUS.CM 49.29 49.29 - -
Iowa ZCYAIA.CM 192.54 192.54 - - Iowa ZSYAIA.CM 55.46 55.46 - -
Illinois ZCYAIL.CM 188.84 188.84 - - Illinois ZSYAIL.CM 56.45 56.45 - -
Nebraska ZCYANE.CM 185.06 185.06 - - Nebraska ZSYANE.CM 57.45 57.45 - -
Minnesota ZCYAMN.CM 187.39 187.39 - - Minnesota ZSYAMN.CM 47.97 47.97 - -
Indiana ZCYAIN.CM 177.50 177.50 - - Indiana ZSYAIN.CM 54.62 54.62 - -
Kansas ZCYAKS.CM 140.00 140.00 - - Kansas ZSYAKS.CM 39.36 39.36 - -
South Dakota ZCYASD.CM 156.00 156.00 - - South Dakota ZSYASD.CM 44.73 44.73 - -
Missouri ZCYAMO.CM 153.92 153.92 - - Missouri ZSYAMO.CM 45.20 45.20 - -
Wisconsin ZCYAWI.CM 171.64 171.64 - - Wisconsin ZSYAWI.CM 49.29 49.29 - -
Ohio ZCYAOH.CM 175.90 175.90 - - Ohio ZSYAOH.CM 53.16 53.16 - -

cmdty vs. USDA cmdty vs. USDA

US US

IA IA

IL IL

NE NE

MN MN

IN IN

KS KS

SD SD

MO MO

WI WI
cmdty Jun '21 cmdty Jun '21
OH OH
cmdty May '21 cmdty May '21

140 150 160 170 180 190 40 45 50 55

Yield (bushels per acre) Yield (bushels per acre)

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US Production Forecast Report | June 15, 2021 Agriculture

 Corn Area Harvested    Soybean Area Harvested

Millions of Acres Millions of Acres
State Symbol 06-15-21 06-02-21 Change % Change State Symbol 06-15-21 06-02-21 Change % Change
United States ZCHAUS.CM 83.32 83.32 - - United States ZSHAUS.CM 86.56 86.56 - -
Iowa ZCHAIA.CM 12.79 12.79 - - Iowa ZSHAIA.CM 9.73 9.73 - -
Illinois ZCHAIL.CM 10.68 10.68 - - Illinois ZSHAIL.CM 10.61 10.61 - -
Nebraska ZCHANE.CM 9.53 9.53 - - Nebraska ZSHANE.CM 5.45 5.45 - -
Minnesota ZCHAMN.CM 7.54 7.54 - - Minnesota ZSHAMN.CM 7.72 7.72 - -
Indiana ZCHAIN.CM 5.05 5.05 - - Indiana ZSHAIN.CM 5.78 5.78 - -
Kansas ZCHAKS.CM 5.31 5.31 - - Kansas ZSHAKS.CM 4.61 4.61 - -
South Dakota ZCHASD.CM 5.16 5.16 - - South Dakota ZSHASD.CM 5.65 5.65 - -
Missouri ZCHAMO.CM 3.23 3.23 - - Missouri ZSHAMO.CM 5.71 5.71 - -
Wisconsin ZCHAWI.CM 3.19 3.19 - - Wisconsin ZSHAWI.CM 2.23 2.23 - -
Ohio ZCHAOH.CM 3.18 3.18 - - Ohio ZSHAOH.CM 4.99 4.99 - -

cmdty vs. USDA cmdty vs. USDA

IA IA

IL IL

NE NE

MN MN

IN IN

KS KS

SD SD

MO MO

WI WI

OH OH
cmdty Jun '21 cmdty Jun '21

4 6 8 10 12 2 4 6 8 10

Area Harvested (millions of acres) Area Harvested (millions of acres)

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US Production Forecast Report | June 15, 2021 Agriculture

US Corn Yield Forecasts – cmdty vs. USDA

179

178

177

176

175

174

173
Jun Jul Aug Sep Oct Nov

cmdty USDA

US Soybean Yield Forecasts – cmdty vs. USDA

50.8

50.6

50.4

50.2

50

49.8

49.6

49.4

49.2
Jun Jul Aug Sep Oct Nov

cmdty USDA

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US Production Forecast Report | June 15, 2021
About
The cmdty Production and Yield Forecasts are a series of crop
forecasts generated by our proprietary machine learning models
that leverage satellite imagery and other geospatial intelligence.
Our forecasts are recalculated every day from June to the end of
harvest based on new information from remote sensing devices
and observations from recent weather conditions for each
growing area. Thousands of individual estimates for production,
yield, and harvested area are updated each day.
Access
Users can access our forecasts through the following channels.
Subscribers to cmdtyView Pro have access to daily forecast
updates on their desktop or streamed into Excel with the included
cmdtyView Excel Add-in.
Free semi-monthly crop production and yield estimates for the
U.S. and major production areas are available through our Crop
Production Report with more limited information on our website.
Enterprise data subscribers access daily updates as they are
published to power their apps or enterprise solutions.
Whitepaper
Download our free whitepaper to learn howagribusinesses,
grainmarketers, lenders, andcrop insurers can usproduction and
yield forecasts to make betterbusiness decisions
Download Today!
© Copyright 2021 Barchart | cmdty@barchart.com | www.barchart.com/cmdty
Agriculture
A Closer Look
Key Variables Used in Yield Modeling
Normalized Difference Vegetation Index (NDVI)
is an indicator that can be used to analyze
remote sensing measurements and assess
whether the target being observed contains live
green vegetation or not. Studies have shown
that the NDVI is directly related to the
photosynthetic capacity and energy absorption
of plants.
Normalized Difference Water Index (NDWI) is
strongly related to plant water content. It is
therefore a proxy for plant water stress. Its
usefulness for drought monitoring and early
warning has been demonstrated in studies.
Land Surface Temperature – Land surface
temperature is how hot the “surface” of the
Earth would feel to the touch in a particular
location.
Air Temperature – This is what you’re familiar
with day-to-day. The weather for better or
worse.
Soil Moisture – Soil moisture is the water that
is held in the spaces between soil particles. It’s
how wet the soil is.
Precipitation – Pretty simple, how much has it
rained in the past day, week, month? You can’t
grow crops without water, but it’s not the only
factor.
Cropland Mask – A binary map separating
annual cropland areas and other areas. These
models are available from government bureaus
and proprietary sources.
Page 6
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Chicago, IL 60606

cmdty@barchart.com
barchart.com/cmdty

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