USDA PREDICTS MINOR INCREASE IN PLANTED CORN ACRES FOR 2013

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(Posted Thu. Mar 28th, 2013)

Mar. 28: American farmers expect to plant 145,000 more acres of corn in 2013, a slight increase from 2012, according the U.S. Department of Agriculture’s Prospective Plantings report released today. If realized, it will be the highest corn planting in the United States since 1937, when 97.2 million acres were planted. In recent years, the record corn planting was in the spring of 2012 when U.S. growers planted 97.155 million acres.

“While farmers struggled with drought last year, they remain resilient and dedicated to producing an abundant corn crop in 2013,” National Corn Growers Association First Vice President Martin Barbre said. “This report shows that the innovative American farmer understands the increasing global demands of corn for food, feed, fuel and fiber and that they see the importance of meetings those needs.”

The USDA’s estimate for 2013 is for 97.3 million acres to be planted in field corn. Assuming the five-year average 91 percent harvest rate holds and the projected trend yield of 160 bushels per acre is achieved, farmers will harvest 14.16 billion bushels.

The majority of acres gained lie outside of the traditional Corn Belt, with only Minnesota, North Dakota and Ohio projecting increased acreage planted to corn within that area. Acres planted to corn outside of the Corn Belt made gains in Arkansas, Georgia, Texas and Mississippi. Final planting projections remained close to last year’s acreage as Colorado, Illinois, Indiana, Kansas, Missouri, Nebraska and South Dakota all project planting at least 100,000 fewer acres than in 2012, with Illinois projecting acres planted to corn will drop by 600,000 acres from 2012. The actual number of planted acres will be released in USDA’s June 28 report.

In the Grain Stocks report, also released this morning, USDA shows corn stocks in all positions stood at 5.4 billion bushels on March 1, 2013, down ten percent from the same time last year. In total, USDA shows 2.63 billion bushels of corn used between December and February, compared with 3.62 over the same period in 2012.

In the planting report, USDA also estimated:

· Soybean producers intend to plant 77.1 million acres, down slightly from last year but the fourth highest area on record if realized.

· Wheat planted intentions are estimated at 56.4 million acres, up one percent from 2012.

For the full Prospective Plantings report, click here.

For the full Grain Stocks report, click here.