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
Rising ethanol stocks and softer gasoline demand bear watching, but stronger blending activity and exports offered some support.
Rising poultry supply is pressuring prices despite steady demand.
As part of this effort, USDA will establish a new National Food Safety Center (NFSC) in Urbandale, Iowa, which will serve as the primary hub for FSIS administrative, technical, and support operations.
Brazil’s ethanol growth could shift the corn trade.
Kansas row crop farmer Brad Keeler joins us to discuss drought conditions, planting decisions, input costs, and overall farmer sentiment in his region.
AFBF Economist Danny Munch joined us to discuss snowpack levels in the Colorado River Basin, water supply concerns, and the potential impact on agricultural production.
