With all the weather-related planting delays we’ve had, USDA’s Acreage report out Friday was a big surprise to the trade with corn acres estimated to be three percent higher than last year. At the same time, soybean acres are estimated to be the lowest in six years. Corn planted area for all purposes in 2019 is estimated at 91.7 million … Read More
Planted Acreage Report Surprises
USDA’s planted acreage report out Friday contained some surprising numbers for the trade. The National Agricultural Statistics Service (NASS) estimates 89.6 million acres of soybeans planted in the United States for 2018, down 1 percent from last year, and corn area planted is estimated at 89.1 million acres, also down 1 percent from last year. All cotton planted area for … Read More
USDA Forecast Optimistic Despite Conditions
U.S. farmers are expected to produce a record-high soybean crop this year, according to USDA’s August Crop Production report released Thursday. Soybean production is forecast at 4.38 billion bushels, up two percent from last year, while corn growers are expected to decrease their production by seven percent from last year, forecast at 14.2 billion bushels. Soybean yields are expected to … Read More