(NAFB) With the USDA’s acreage report just days away, The Farmer’s Business Network shared its sixth annual U.S. Acreage Report. Josh McClure, the head of brokerage and consulting for FBN, said most of their acreage survey respondents didn’t make any changes to their original planting intentions
“First and foremost, most folks didn’t actually change. 81 percent of corn respondents and 85 percent of soybean respondents were not making any changes at all to those crops. However, the changes we did see were primarily that corn acres should come down while soybean acres go up. It’s not one for one, though.”
The FBN report says producers planted fewer corn acres than the USDA predicted in March.
“Our producers are telling us that they’re going to be planting roughly 1.2 million acres fewer than what the USDA suggested, effectively cutting off something like 180 to 200 million bushels of production here in the United States. This would pull corn acres down to 94.1 million acres from that March number of 95.3.”
Soybeans went in the other direction.
“Soybeans, on the other hand, went up, but they didn’t go up as much as corn went down. Soybean acres, our survey suggests, will only go up 324,000 acres, just clearing 85 million acres, up from March’s 84.7 million acres.”
He talked about where they saw the biggest changes in planting.
“Interestingly, the spots that we saw the biggest changes in corn were in the High Plains of Nebraska, the Dakotas, and down around Joplin, Missouri, on both sides of Kansas and Missouri. We saw big changes, with acres going down for corn, and we think that that was really mostly tied to the drought that you all have been suffering through here now, seemingly all spring.”
