In contrast to US all wheat output which declined from earlier expectations in Friday’s USDA small grains summary, the oat and barley crops got bigger.
The report pegged the 2022 American oat crop at 57.7 million bu, up from the government’s September supply-demand estimate of 52.5 million and now 45% above last year’s drought-reduced outturn. Meanwhile, the barley production estimate now sits at 174 million bu, way up from 158 million earlier this month and also 45% higher than a year ago.
At 64.8 bu/acre, the average oat yield was revised down from the previous estimate of 66.1 bu, but harvested area, at 890,000 acres, was revised up sharply from 796,000. Compared to last year, the average oat yield is up 3.5 bu/acre, while harvested area is 37% higher.
Today’s report put the average 2022 US barley yield at 71.7 bu/acre, well up from the earlier estimate of 66.3 bu/acre and a major 11.4 bu above 2021. Harvested area, at 2.43 million acres, was revised modestly higher from 2.38 million earlier this month and is 22% above last year.
Source: DePutter Publishing Ltd.
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