Soybean planting is progressing at a rapid pace in the US
By April 12, American farmers had planted 6% of their planned soybean acreage, exceeding market expectations and 4 percentage points higher than the five-year average for the same date, according to the Zerno On-Line agency, citing the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).
According to a previously published forecast, soybean acreage will expand this year to 84.7 million acres (+4.3%).
Corn acreage was 5% of its planned acreage by April 12, 1 percentage point higher than the five-year average for the same date.
Spring wheat sowing rates are slightly behind the five-year average, with 6% of the planned acreage planted.
Winter wheat conditions worsened slightly last week. The share of wheat crops in excellent and good condition decreased from 35% to 34%, which is less than a year ago (47%) and less than the five-year average (43%).
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
Read also
Wheat, corn and soybean futures in Chicago rose on Monday amid the threat of a US ...
Black Sea & Danube: Crop and Export Forecast
Egypt targets 5 mln tons of local wheat procurement to reduce import dependence
Global milk surplus leads to lower dairy prices worldwide
India ramps up rapeseed processing amid rising prices
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon