Items Tagged with 'PROSPECTIVE PLANTINGS'

The nation’s farmers are set to plant 178.7 million acres of corn and soybeans combined this growing season, well below analysts' estimates, according to a USDA report released Wednesday.

Producers are expected to plant 7.29 million more corn acres, 7.6 million more soybean acres, and 451,000 fewer wheat acres this year, according to USDA’s Prospective Plantings report released Tuesday.

U.S. farmers will plant more soybeans than corn this year – for the first time since 1983 – but acreage for both crops will be smaller than in 2017, according to USDA’s Prospective Plantings report.

WASHINGTON, March 31, 2017 – U.S. cotton farmers are planning to sow 12.2 million acres this year, up 21 percent from last year, USDA said today. The estimate is also up from the 11.5 million planted acres the department predicted in February. Projections for most other major crops, including corn, soybeans and wheat, hewed closely to the February estimates.