Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Smaller Corn Crop, More Soybeans Forecast by USDA

Mon, 31 Mar 2014 16:03:18 CDT

Smaller Corn Crop, More Soybeans Forecast by USDA
A crop report issued today by the Agriculture Department indicates that America’s farmers are preparing to plant 91.7 million acres of corn, 4 percent less than a year ago and the lowest amount planted to corn since 2010, according to the American Farm Bureau Federation.

“The forecast gives us an indication of what farmers intend to plant but everything depends on the weather,” said AFBF crops economist Todd Davis. “It remains to be seen whether or not farmers can plant their corn and soybeans in a timely fashion without a repeat of the problems seen in 2013 in the Western Corn Belt,” he said.

According to Davis, if realized, this year’s corn planting would be the fifth-largest corn crop since 1944. With 91.7 million acres planted and average yields, final 2014 U.S. corn production is forecast to come in between 13.2 and 13.4 billion bushels.

The soybean planting estimate came in at 81.5 million acres, a 6-percent increase from the 2013 crop. If realized, this would be a record number of soybean acres planted, Davis noted. Likewise, the final U.S. soybean production could set a record of between 3.4 and 3.5 billion bushels.

“The current record for production of soybeans-3.36 billion bushels-was set in 2009. If Mother Nature cooperates, 2014 could exceed this level,” Davis said.

USDA’s March 1 survey of grain stocks pegged the nation’s corn inventory at 7 billion bushels, up 30 percent compared to a year ago, while soybean stocks were measured at 992 million bushels, down 1 percent from a year prior. Both of these numbers were consistent with pre-report trade estimates.

Acreage of other feed grains is projected to be down from last year as well, with grain sorghum, and oat plantings forecast to be down by 17 percent, and 7 percent, respectively. Barley acreage is expected to decline 9 percent.

Wheat plantings are projected to be down 1 percent from last year. Cotton plantings are projected at 11 million acres, 7 percent higher than last year.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Farm Bureau's Steve Thompson Offers Color Commentary of the Only Day in April Lawmakers Will Meet- and What's Ahead for Balance of the 2020 Session  Mon, 06 Apr 2020 21:31:55 CDT
  • USDA's First National Crop Progres Report This Spring Shows Wet, Cool Conditions Delaying Corn Planting, Oklahoma Wheat Crop Continues to Look Great  Mon, 06 Apr 2020 17:08:47 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday April 6, 2020  Mon, 06 Apr 2020 16:26:49 CDT
  • Monday, April 6, 2020 Market Wrap-Up with Justin Lewis  Mon, 06 Apr 2020 15:39:07 CDT
  • New Southern Plains Podcast Focuses on Soil Health Classroom Curriculum   Mon, 06 Apr 2020 13:10:43 CDT
  • This Weeks Ag in the Classroom--Tasty Recipes, Growing your Own Garden, and New Food Challenges  Mon, 06 Apr 2020 12:32:47 CDT
  • Impact of Recruitment and Retention of Food Animal Veterinarians on the U.S. Food Supply  Mon, 06 Apr 2020 12:16:47 CDT
  • Robert Wells, Livestock Consultant says Don’t Let Your Cows Eat the Profit  Mon, 06 Apr 2020 12:00:51 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma City Farm Show KIS FUTURES, INC. Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment AFR Insurance Stillwater Milling Oklahoma Cattlemen's Association

    Our Road to Rural Prosperity sponsors!


    Search OklahomaFarmReport.com

    © 2008-2020 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.