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

Acreage Report Surprises Trade with Corn Planted Acres Above and Soybean Acres Below Estimates

Fri, 28 Jun 2019 12:07:04 CDT

Acreage Report Surprises Trade with Corn Planted Acres Above and Soybean Acres Below Estimates Grain markets were mixed this morning as traders positioned themselves ahead of today's USDA acreage and quarterly stocks report. Reuters complied average estimates for today’s report, pegging corn plantings at 86.6 million acres of corn - about 6 million lower than the March forecast of 92.7 million acres. You can review Allendale, Inc.'s estimates, here.

International Grains Council (IGC) cut its forecast for corn after heavy rains disrupted plantings in the U.S. pegging the U.S. corn crop at 333.5 million tonnes - down from the last report of 362.4 million and compared to 366.3 million last year.

The USDA released its Acreage Report at 11 am Friday, June 28th. According to it, USDA has pegged June 1 corn planting intentions at 91.7 million acres, above the trade’s estimate of 86.6 million. This is up 3 percent from last year with 40 of the 48 estimating States either up or unchanged from last year. Area harvested for grain is pegged at 83.6 million acres, is up 2 percent from last year.

Soybeans provided the surprise, coming in at 80 million acres, down from 84.6 million in March and below trade expectations of 84.3 million. Farmers were already giving up on soybeans, wanting desperately to get corn planted instead.

You can review that complete report out from the USDA, here.



WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • US Corn and Soybean Crops Continue to Fall Further Behind in Development as Result of Late Planting  Mon, 22 Jul 2019 19:10:04 CDT
  • Slaughter Cows 2.00 to 4.00 Higher and Slaughter Bulls 1.00 to 3.00 Higher at OKC West Livestock Auction  Mon, 22 Jul 2019 16:51:57 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Monday, July 22, 2019  Mon, 22 Jul 2019 16:20:31 CDT
  • National Chicken Council Says 91% of U.S. Consumers Have Purchased Chicken in the Last 6 Months  Mon, 22 Jul 2019 16:16:39 CDT
  • Monday Market Wrap-Up with Justin Lewis  Mon, 22 Jul 2019 14:24:21 CDT
  • Monday Afternoon Market Wrap-Up with Carson Horn  Mon, 22 Jul 2019 14:23:10 CDT
  • Eleven New Cases of Vesicular Stomatitis Confirmed in Texas By Texas Animal Health Commission  Mon, 22 Jul 2019 12:36:28 CDT
  • USMEF Appreciative of Administration's Authorization of Additional Ag Trade Promotion Program Funding  Mon, 22 Jul 2019 12:27:04 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

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

    Search OklahomaFarmReport.com

    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.