Planted Acreage Report Surprises

cindy zimmerman

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 …

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USDA Forecast Optimistic Despite Conditions

cindy zimmerman

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 …

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