March 13 U.S. farmers will boost soybean
plantings to a record 83.212 million acres this spring and
reduce sowings of corn to the lowest in three years, according
to a survey of growers released on Thursday by Illinois-based
research and brokerage firm Allendale Inc.
The soybean sowings, if realized, would top last year's
plantings of 76.533 million acres as well as the U.S.
Agriculture Department's initial forecast last month of 79.5
million acres, the survey showed. The record for soybean
plantings of 77.451 million was set in the 2009/10 marketing
USDA will release its annual prospective plantings report
that is based on surveys of tens of thousands of farmers on
Allendale's survey, based on growers in 28 U.S. states, said
farmers would seed 92.349 million acres of corn, down from
95.365 last year but up from USDA's estimate in February of 92
million acres. The corn plantings would be smallest since the
2011/12 marketing season.
Wheat acreage was pegged at 55.324 million acres, below the
USDA estimate last year of 56.156, according to Allendale.
Based on the acreage estimates and trend-line yields,
Allendale pegged implied crop production at 13.781 billion
bushels of corn, 3.639 billion bushels of soybeans and 2.175
billion bushels of wheat.
(Reporting by Michael Hirtzer in Chicago)