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WASHINGTON, DC, UNITED STATES – The US Department of Agriculture, in its annual report on prospective plantings on March 29, said the farmers were planning to plant 4% acres. more corn than a year ago, 5% less soy and 4% less. of wheat.
The total area seeded to wheat is expected to reach 45.754 million acres, down 4% from the 47.8 million acres planted in 2018, compared to 47 million acres projected by the USDA at its annual prospects for agriculture in February, and the lowest ever recorded in 1919.
Winter wheat planted for harvest in 2019 was estimated at 31.504 million acres, down 3% from 32.535 million acres in 2018 and the second lowest ever, up 1% compared to the previous USDA estimate. Of this total, hard red winter area was estimated at 22.4 million acres, soft red winter at 5.55 million acres, and white winter at 3.55 million acres.
Area seeded to spring wheat, other than durum wheat, is forecast at 12.83 million acres, down 3% from 13.2 million acres in 2018. , including 12.4 million acres of hard red spring wheat.
The area planted to durum wheat was estimated at 1.42 million acres in 2019, down 31% from 2.065 million acres in 2018.
The USDA said the farmers were planning to plant 92.792 million acres of corn in 2019, up 4 percent from the 89.129 million acres planted. last year, compared with 92 million acres planned at the Forum on Agricultural Prospects, the cultivated area to increase or remain unchanged from 2018 of the 48 states estimated.
Area sown to soybeans is expected to be 84.617 million acres, down 5% from 89.196 million acres in 2018, compared with 85 million acres projected in 1998. February, with areas reduced or unchanged in 26 of the 29 states.
The planned USDA wheat planting intent was lower than the overall forecast, averaging 46.915 million acres, with winter wheat being slightly above the trade average, the other the number of spring wheat is below the trade average and the number of durum wheat is below the full range. expectations.
The number of USDA corn planting intentions was higher than the overall trading forecast, averaging 91.332 million acres. The number of USDA soybean seeds was near the bottom of the expected range of 86.169 million acres.
The corn, wheat and soybean futures prices were all trading down soon after the USDA data was released at 11:00.
It should be noted that the USDA Prospective Planting Survey was conducted during the first two weeks of March, before the critical point of flooding in the western Corn Belt and other areas. As a result, some badysts and traders believe that crop area could dramatically change by the time effective planting is reported in the June 28th USDA report on acreage.
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