POST Online Media Lite Edition


U.S. farmers plant more corn, less soybeans

Staff Writer |
U.S. farmers have planted more corn than expected and less soybeans, though bean acres reached a record-high, according to the USDA Report.

Article continues below

For soybeans, the USDA estimated U.S. 2017 planting acreage at 88.7 million vs. USDA estimate in March of 89.5 million and last year’s acreage of 83.4 million.

For corn, the USDA sees U.S. plantings at 90.0 million vs. its March estimate of 89.9 million and 94.0 million a year ago.

USDA pegged the U.S. all-wheat plantings at 45.7 million, a new record-low, vs. its March estimate of 46.1 million and 50.1 million last year.

U.S. spring wheat acres dropped to 10.8 million vs. the USDA’s March estimate of 11.3 million.

On Friday, the USDA estimated the total of on-farm and off-farm grain stocks.

As of June 1, the U.S. corn stocks are 5.23 billion bushels vs. average analysts’ estimate of 5.12 billion.

For soybeans, USDA pegged stocks at 960 million bushels vs. average analysts’ estimate of 983 million.

U.S. wheat stocks, as of June 1, are estimated at 1.18 billion bushels vs. average analysts’ expectation of 1.137 billion bushels.

What to read next

U.S. farmers cut winter wheat acreage to 107-year low
More soybeans, lot less corn and wheat to be planted in Dakotas
Syngenta settles with U.S. farmers in China corn trade case