USA: USDA sees higher corn, soybean planted area
The USDA is projecting higher planted area for corn and soybeans in 2023.
Corn planted area is estimated at 91.996 million acres, about a million larger than the Ag Outlook Forum guess from earlier this year and 4% above 2022.
Soybeans are seen at 87.505 million acres, nearly matching the Ag Outlook Forum and slightly higher than a year ago.
The increase in acreage does imply higher production for those crops, but that will depend on weather cooperating during planting and the growing season.
The USDA’s weekly crop progress and condition numbers resume Monday, April 3rd at 4 Eastern/3 Central.
Read also
Vysotskyi dismisses rumors of new rules for Ukraine’s maritime corridor
Black Sea Logistics Disruptions: Expert Market Briefing
Wheat extends July rally amid Black Sea escalation
Restoring Ukraine’s export logistics is under the President’s control
Indonesia hopes to keep duty-free palm oil exports to the US
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon