American farmers planted two percent fewer corn acres than forecast in June estimate but still exceeded 2018 acres planted by one percent, according to U.S. Department of Agriculture reports released today. The report indicates a 1.7 million-acre net decrease from the Acreage report released in June. At the same time, today’s reports show a 3.5 bushel per acre increase to national average yield projections from last month, with 169.5 bushels per acre now forecast. With increased yield projections more than offsetting decreased planted acres, total production for 2019/20 is now projected to reach 13.9 billion bushels.
Yield projections, notably, reflect the season’s first survey-based yield forecast.
Ending stocks are forecast up by 171 million bushels to 2.2 billion given reductions to the projected demand for corn from the ethanol and export sectors, along with increased production projections. The season-average corn price received by producers lowered by 10 cents to $3.60 per bushel.
For the full Crop Production report, click here.
For the full World Agricultural Supply and Demand Estimates, click here.
CommonGround is a group of farmers connecting with consumers through conversations about science and research and personal stories about food and misinformation surrounding farming. Supported by the NCGA and state corn organizations.
The Soil Health Partnership (SHP) is a farmer-led initiative that fosters transformation in agriculture through improved soil health. Administered by NCGA the partnership has more than 220 working farms enrolled in 16 states. SHP’s mission is to utilize science and data to partner with farmers who are adopting conservation agricultural practices that improve the economic and environmental sustainability of the farm.
The Corn Utilization and Technology Conference (CUTC) is a biennial event happening this June. Learn more.