Farmers across the U.S. are making good progress in planting, but that does not necessarily mean there will be more crop acres.
In March, USDA found principal crop acres were down around 6 million from last year, which is a nearly 2 percent drop. Analysts with Reuters took a look back at 2015 where planting was also at a quick pace, and they found that crop acres fell by 2.4 percent that year.
Rain in the Corn Belt is expected to slow progress in the near future, and the markets will be looking forward to results of the June survey.
Related Stories
Proposed legislation would require automakers to include AM radio in all new passenger vehicles at no additional cost.
HTS Commodities’ Lewis Williamson joins us to recap USDA’s latest Crop Progress Report, troubling winter wheat conditions, and key market factors shaping the markets as the growing season progresses.
Senate Ag Chairman John Boozman says Farm Bill text could be released within weeks, with a committee markup targeted for later this summer.
Livestock producers should inspect animals daily, report any suspicious wounds immediately, and comply with local movement restrictions.
Farm Bureau economist John Newton says farm income has declined every quarter for three years.
Riders will retrace more than 1,900 miles of the historic Pony Express route.
