Analysts are raising forecasts for the 2022/23 US corn crop

Analysts at the consulting agency StoneX Group have forecast US corn production in 2022/23 to be 1,3 million Tonnen compared to the previous value to 358,4 million tonnes at an average grain yield of 11 tons/Hektar raised.

Also the forecast for the production of Corn and the experts at Refinitiv Commodities Research increased - to 353,1 million tons.

As will be explained, increased adjustments were made taking into account weather conditions favorable for crop development in grain production regions.

Recall that the corn harvest is in the USA in 2021/22 is estimated to be 382,9 million tonnes with an average yield of 11,1 tonnes/hectare.

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