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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Planted Acreage Report

07/01/2021

The June 30th Planted Acreage report documented the areas planted to corn and soybeans, the two commodities of relevance to the poultry industry. The USDA confirmed-

 

“Corn planted area for all purposes in 2021 is estimated at 92.7 million acres, up 2 percent or 1.87 million acres from last year. Compared with last year, planted acreage is expected to be up or unchanged in 28 of the 48 estimating States. Area harvested for grain, at 84.5 million acres, is up 2 percent from last year”. The acreage reported was up 1 million acres from the area included in the June 10th edition of the WASDE. Of the corn varieties planted farmers selected 93 percent as GM, up one percent from 2020.

 

“Soybean planted area for 2021 is estimated at 87.6 million acres, up 5 percent from last year (and 1 million acres above the June 10th edition of the WASDE). Compared with last year, planted acreage is up or unchanged in 28 of the 29 estimating States”. GM varieties represented 95 percent of planted soybeans demonstrating herbicide resistance, up one percent from 2020.

Together with the Grain Stocks report the Planted Acreage data moved the market for both corn and soybeans limit high on the CME after release of the reports since acreage and inventory were lower than expected by industry observers.


 
Copyright © 2021 Simon M. Shane