Podcast: Dr. Bill Tierney, AgResource, Inc. Provides Analysis of USDA's June 28 Acreage Report
Date Posted: June 28, 2013
USDA has released its estimate of Planted Acreage, projecting corn, soybean, and wheat acres all higher than 2012 planting. Analyizing the numbers released by USDA is Dr. Bill Tierney of AgResource, Inc. (312-408-0045).
USDA's projections include:
Corn planted area for all purposes in 2013 is estimated at 97.4 million acres, up slightly from last year. This represents the highest planted acreage in the United States since 1936 when an estimated 102 million acres were planted. Growers expect to harvest 89.1 million acres for grain, up 2 percent from last year.
Soybean planted area for 2013 is estimated at a record high 77.7 million acres, up 1 percent from last year. Area for harvest, at 76.9 million acres, is up 1 percent from 2012 and will be a record high, if realized. Record high planted acreage is estimated in New York, Pennsylvania, and South Dakota.
All wheat planted area for 2013 is estimated at 56.5 million acres, up 1 percent from 2012. The 2013 winter wheat planted area, at 42.7 million acres, is 3 percent above last year and up 2 percent from the previous estimate.