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

  • Lucas, Peterson Introduce RAMP-UP Act Helping Meat & Poultry Processors Access Inspection to Meet Demand  Fri, 03 Jul 2020 15:18:49 CDT
  • Congressman Frank Lucas Offers Legislation to RAMP-UP Federal Incentives for Small Meat Processors  Fri, 03 Jul 2020 13:28:52 CDT
  • AFR/OFU Thrilled with Introduction of RAMP-UP Act  Fri, 03 Jul 2020 09:06:49 CDT
  • Growth Energy Urges EPA to Combat Particulate Emissions with Low-Carbon Ethanol  Fri, 03 Jul 2020 09:04:49 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Thursday, July 2  Thu, 02 Jul 2020 15:53:10 CDT
  • OSU's Kim Anderson Talks with SUNUP about Wheat Prices and the Wrap of the Oklahoma Wheat Harvest   Thu, 02 Jul 2020 15:52:12 CDT
  • Thursday, July 2, 2020 Market Wrap-Up with Justin Lewis  Thu, 02 Jul 2020 14:33:06 CDT
  • Latest U.S. Drought Monitor Map Shows Exceptional Drought Has Now Crept Into Oklahoma  Thu, 02 Jul 2020 14:30:50 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.