More corn and soy acres expected in the US

The corn crop could potentially be a record, grower survey suggests

(File photo)

Share Adjust Comment Print

The latest Allendale producer survey is forecasting significantly higher US corn acreage for this year as well as the fourth largest soybean acreage.

Last year, US farmers planted 91.7 million acres but the survey suggests this could go up by nearly three million acres. This would mean an increase of 1.68 billion bushels over 2019, potentially a record crop.

While soybean acres will increase significantly from last year, the survey suggests the jump won’t be as big as some analysts have predicted. Allendale is expecting some 83.74 million acres of beans, up 7.6 million from 2019. It would be the third largest acreage total in US history.

On the downside, the survey suggests overall wheat acres will fall by almost 700,000 from 2019 to 44.47 million acres. It would be the smallest acreage in history.

Allendale is a Chicago-based agricultural commodity brokerage and analysis firm that conducts annual grower surveys to peg acreage trends.

Comments