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Best of NAMA 2022

By Keith Good, Univeristy of Illinois

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In its monthly World Agricultural Production report on Friday, USDA's Foreign Agricultural Service (FAS) indicated that, "USDA estimates China marketing year (MY) 2021/22 corn production at a record 273.0 million metric tons (mmt), up 5.0 mmt or 2 percent from last month, up 5 percent from last year, and 5 percent above the 5-year average of 260.3 mmt. Yield is estimated at a record 6.5 metric tons per hectare, up 2 percent from last month, 3 percent from last year, and 5 percent above the 5-year average.

Harvested area is estimated at 42.0 million hectares (mha), no change from last month, but up approximately 0.7 mha or 2 percent from last year. In recent years there has been marginal increases or stable corn area in the major production provinces of Heilongjiang, Jilin, Shandong, Henan, Inner Mongolia, and Hebei. This has been primarily attributed to changes in agricultural policy."

World Agricultural Production. USDA- Foreign Agricultural Service. Circular Series WAP 9-21 (September 2021).

FAS stated that, "The major factors shaping USDA's forecast are the favorable growing season conditions and government policies encouraging increased corn production. The MY 2021/22 season has been characterized by favorable growing conditions across the major corn belt, the northeast, and north- central plains. In particular, the Northeast provinces of Heilongjiang, Jilin, Liaoning, and Inner Mongolia, where close to half of the nation's corn and soybeans are produced, experienced beneficial weather for a major part of the growing season.

The conditions facilitated rapid planting and crop establishment, boosting corn yield expectations."

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