Allendale survey shows higher corn, soybean acreage

News

Allendale survey shows higher corn, soybean acreage

A survey of producers in 30 states by Allendale Incorporated points to increased corn and soybean acreage in 2020.

Planted area for corn is expected to be 94.631 million acres, the third largest on record, up 4.931 million from 2019, and above the USDA’s projection of 94.0 million acres from the Ag Outlook Forum. Using a trend line yield of 177.3 bushels per acre and harvested area of 86.691 million acres, that implies record production of 15.369 billion bushels.

Soybean acreage is seen at 83.740 million, also the third highest on record and 7.64 million larger than last year, but less than the Ag Outlook Forum guess of 85.0 million acres. Allendale’s trend line yield of 50.3 bushels per acre and harvested area of 82.773 million acres implies production of 4.163 billion bushels, the fourth largest on record.

Wheat acreage would be the smallest on record at 44.465 million acres, 693,000 below a year ago and 535,000 less than the Ag Outlook Forum estimate. By type, Allendale has winter wheat at 30.914 million acres, a decline of 245,000, “other” spring wheat at 12.441 million acres, 219,000 lower, and durum at 1.110 million acres, a decrease of 229,000. Allendale’s trend line yield for all types of wheat is 49.9 bushels per acre with harvested area of 37.524 million acres, for implied production of 1.874 billion bushels.

Planted area will depend on the weather and some key growing areas are expected to see a wet start to spring.

The USDA’s prospective planting report is out on the 31st.

The post Allendale survey shows higher corn, soybean acreage appeared first on Voice Of Muscatine.