Ag News
USDA Reports
Thu, 01 Jul 2010 6:01:54 CDT“Planted Acreage Report
Holds Surprise”
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">While a nationwide survey of farmers
pointed to it - the pre-report trade estimates did not - resulting in a fairly
big surprise in USDA’s planted acreage report released Wednesday. Corn planted
area is estimated at 87.9-million acres. That’s still a two-percent increase
from 2009 - and is nearly a record - but is one-percent below March intentions.
Soybean acreage is pegged at a record high 78.9-million acres - also a
two-percent increase from last year.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">Record-high planted soybean acreage
was reported in Kansas, Nebraska, New York and Pennsylvania. Minnesota and
Oklahoma tied their record highs. Iowa leads all states with 10.2-million acres.
Illinois and Kansas reported the largest increases in corn acres. Indiana,
Missouri and Ohio also had notable increases. Iowa leads the nation with
13.3-million acres despite experiencing the largest decrease in planted
acreage.
Cotton
acres are up for the first time since 2006. Thanks in part to good weather and
high prices - farmers planted 10.9-million cotton acres - up 19-percent from
last year. But total U.S. crop area is down slightly. The 360-thousand acre
decline from 2009 is only a tenth of a percent decrease.
style="FONT-FAMILY: arial; FONT-SIZE: 10pt">These acreage estimates from USDA’s
National Agricultural Statistics Service are based on surveys conducted during
the first two weeks of June on approximately 11-thousand segments of land and
from a sample of approximately 71,500 farm operators across the
U.S.
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