You’ve been granted free access to this subscribers only article.
National corn acreage increases as soybean planting decreases
WASHINGTON, D.C. --There are still many sharp turns and bumps in the road between now and fall harvest, but a crop report issued March 30 by the U.S. Department of Agriculture indicates that farmers in the United States are preparing to plant 95.9 million acres of corn, one of the largest crops in history, according to a March 30 American Farm Bureau Federation press release. That number was much higher than grain industry analysts had expected.
“The prospective planting number of 95.9 million acres for corn really blew pre-report expectations out of the roof,” said American Farm Bureau Federation economist John Anderson.
As unexpectedly high as the corn number was, Anderson said, the soybean planting estimate was far lower than analysts had expected, coming in at 73.9 million acres.
According to Anderson, if realized, this year’s corn planting would be the largest acreage since 97.2 million acres were planted in 1937. To put that into perspective, the harvested corn grain yield in 1937 was 28.9 bushels per acre, ultimately leading to approximately 2.5 billion bushels of corn that year. This year’s planting and a trend yield of 164 bushels per acre could result in a final U.S. corn yield of around 14.4 billion bushels.
Anderson said that the most recent modern era production year that comes close to this year’s corn planting outlook was 2007, when 93.5 million acres were planted. At 95.9 million acres expected this year, corn plantings would be up 4 percent from last year. Expected soybean plantings, at 73.9 million acres, are projected to be down 1 percent from last year.
“As for the corn market, this planting expectation number could become a negative factor for corn market prices,” Anderson said. “This is a lot bigger number than the market had expected for corn. But we still must remember it is very early, this is a prospective number only and there is a long way to go to see how this crop ultimately turns out. For now, the market seems to be more focused on lower soybean acreage as well as pretty strong demand revealed in today’s report on grain stocks.
“If these early planting projections are realized, it would translate into the largest feedgrain supply we have had in the last six or seven years. That should mean lower feed prices for livestock producers. And it would take some of the pressure off the ethanol sector, which is already close to hitting both its mandated level of production and the maximum gasoline blend rate.”
Overall, Anderson said that with a normal growing and harvest season, this year’s corn crop would “be more than enough to meet all of our nation’s domestic needs for feed and fuel, as well as supplies for our export channels.” From this point forward, he said the markets would begin to focus on weather and how it impacts planting and growing conditions for all crops.
Anderson said acreage of other feed grains is projected to be up from last year as well, with grain sorghum, barley, and oat plantings forecasted to be up by 9 percent, 15 percent, and 30 percent, respectively.
Wheat plantings are projected to be up 3 percent from last year. Anderson said that is still “well below market expectations of around 57.5 million acres.” He said that while winter wheat and durum plantings were up, this increase was partially offset by a decline in other spring wheat projected plantings as farmers in major spring wheat areas appear to be opting to plant feed grains instead.
Cotton plantings are projected to be 13.2 million acres. Anderson said that while this is an 11-percent drop from last year, it is still on the high side of pre-report expectations.
Your Opinions and Comments
Be the first to comment on this story!
You must be logged in to post a comment.
Agriculture Today Archives
Bull Classic Dec. 5 (November 25, 2015)
Davidson: Reduce antibiotic use, dispel beef myths (November 25, 2015)
EPA proposes changes to pesticide applicator rules (November 25, 2015)
Farm Bureau responds to beef cancer claims (November 25, 2015)
Hay & Forage Report (November 25, 2015)
Livestock disaster funding available (November 25, 2015)
Livestock Market Reports (November 25, 2015)
Llama competitors shine in state, national shows (November 25, 2015)
Plan to attend grazing lands conference (November 25, 2015)
Plant cool weather veggies (November 25, 2015)
Rancher’s Choice bull sale Dec. 5 (November 25, 2015)
Skills team places sixth (November 25, 2015)
TPWD announces annual trout stocking (November 25, 2015)
All Breed Bull Sale Nov. 21 in Nixon (November 18, 2015)
Clean Water Rule continues to make waves in Congress (November 18, 2015)
Conservation Service: Tips for planting winter pastures (November 18, 2015)
County committee elections begin (November 18, 2015)
Hay & Forage Report (November 18, 2015)
Here’s the beef: Patterson wins FFA national title (November 18, 2015)
Livestock Market Reports (November 18, 2015)
Moczygemba: Angus group CEO (November 18, 2015)
Onion recommendations (November 18, 2015)
A river runs through it: River changes spark border dispute (November 11, 2015)
Cold-sensitive oriental hibiscus (November 11, 2015)
Gov. Abbott: EPA’s Clean Power Plan is ‘power grab’ (November 11, 2015)
Hay & Forage Report (November 11, 2015)
Knowles winner of mule deer hunt package (November 11, 2015)
Letter: A war on Texas: Bureau of Land Management vs. Texas ranchers (November 11, 2015)
Livestock Market Reports (November 11, 2015)
Palo Alto College hosts FFA leadership conference (November 11, 2015)
Rodeo athletes place in Hallettsville contest (November 11, 2015)
‘Old Iron’ club show canceled! (November 11, 2015)
Antique Farm Equipment Demonstration and Field Day, Nov. 14 (November 4, 2015)
Cattlemen’s seminar Nov. 14 in Kosciusko (November 4, 2015)
Hay & Forage Report (November 4, 2015)
Impacts of rural land loss (November 4, 2015)
Livestock Market Reports (November 4, 2015)
Rain can be blessing, curse for farmers (November 4, 2015)
Ranch Rodeo fun in Nixon (November 4, 2015)
Ranching event set for Nov. 11 in Panna Maria (November 4, 2015)
Tips for spraying broccoli, cabbage (November 4, 2015)
Wet winter, spring is good news for hunters (November 4, 2015)
November 2015 Gardening Calendar (November 1, 2015)