Here's what US Farmers will plant more (and less) of in 2017

Farmers to plant record low wheat acres most soybeans ever

The Agriculture Department says in its prospective plantings report that it expects Minnesota farmers to seed 1.3 million acres of spring wheat, down 20,000 acres from a year ago.

"For corn producers, in particular, recognize that corn prices are low and they're cheap, because we have big supplies, but when you start subtracting some acreage, reduce yield or both, those numbers shift quite dramatically on the carryout expectations", said Doherty on U.S. Farm Report this weekend.

Soybean acreage is projected to jump to a record-high 89.5 million acres in 2017, with South Dakota's acreage set to rise by 4 percent. Corn acres in OH are expected to remain flat.

The USDA's March Prospective Plantings estimate for total 2017 USA corn acreage was 89.996 million acres versus the average trade guess of 90.969 million acres and 2016 final planted acreage of 94.004 million.

Minnesota's oat, barley, sugar beet and sunflower crops all are expected to be smaller this year. Flaxseed production is also set for a large reduction in acreage, with only 3,000 acres expected compared to 10,000 acres planted in 2016.

The USDA said soybeans in storage totalled almost 1.74 billion bushels as of March 1, up 13 percent from a year ago.

In Nebraska, prospective soybean planted acres is estimated at 5.7 million acres, an increase from 5.2 million in 2016 and 5.3 million in 2015. Oil type varieties account for 45,000 acres, up 55 percent from a year ago.

Читайте также: Number of Billionaires Around the World Rises 13% in 2017

Winter wheat acres were pegged by USDA at 32.7 million, down 9 percent from plantings done in the fall of 2015; including 23.8 million acres to the hard red winter wheat grown in South Dakota.

Winter wheat planted area, at 32.7 million, is down 9 percent from previous year.

Area planted to other spring wheat for 2017 was estimated at 11.3 million acres, down 3% from 2016. Durum wheat acres are expected to be rolled back 21 percent from a year ago to 1.15 million acres and winter wheat acres were cut in half last fall to just 63 thousand acres.

- Dry edible bean acreage intentions are estimated at 150,000 acres, up 9 percent from 2016.

Also, the USDA reported that Nebraska corn stocks in all positions on March 1, 2017, totaled 1 billion bushels, up 5 percent from 2016.

March 1, 2017 USA corn stocks were forecasted at 8.616 billion bushels versus the average trade guess of 8.534 billion bushels and 3/1/2016 stocks of 7.822 billion bushels. Chicago Board of Trade soybean futures for May contract closed at $9.46 per bushel, down about 2 percent.

Durum wheat stored totaled 52.8 million bushels, up 24 percent from March 1, 2016.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related news:

loading...

Hot News

isis-killer-beheading-video-story-top Teacher accused of having sex with teen is also pregnant
Апр 03, 2017 - 06:53
Other sexual meetups involved drinking alcohol, taking off their clothes together and the boy performing oral sex on Harper. She was arrested last week and charged for her alleged encounters with a 15-year-old boy who attended Byron Nelson HS.

isis-killer-beheading-video-story-top Excise dept orders closure of liquor shops near highways
Апр 01, 2017 - 00:18
The court has advised all chief secretaries and DGPs of states to strictly supervise the implementation of this new rule. People who got licence for liquor vends prior to the Dec 15, 2016 verdict can operate till September 30, 2017.

isis-killer-beheading-video-story-top Trump's Keystone XL Permit To Face Legal Challenge From Environmental Groups
Апр 01, 2017 - 00:17
But Barack Obama spent all eight years of his presidency prioritizing and championing the radical environmental cause. At that point it will connect to an existing pipeline network that will transport oil to the Gulf of Mexico region.

Trump Convenes Panel On Empowering Women In Business
Мар 31, 2017 - 00:08
It also accuses them of "piggy-backing promotion" of Ms Trump's products at government events. Trump had already sought to distance herself from her business interests.

Sean Spicer Tells Reporter to 'Stop Shaking Your Head'
Мар 31, 2017 - 00:05
However, many were offended accusing the press secretary of being racist and sexist in his rant against the journalist. The testy moment came when Ryan tried to ask a question about Russian Federation .

isis-killer-beheading-video-story-top Should you give your kids access to your credit card?
Мар 30, 2017 - 00:54
A study finds that 80 percent of cardholders who asked to waive an annual fee or have it reduced were successful. And if you'd like a lower rate, more reasonable annual fee or a late fee waived, now is the time to ask.

Panthers goalie James Reimer leaves game
Мар 30, 2017 - 00:54
But they are the ones who have developed this team's identity and they will be the ones to help see them to the playoffs. Coach Mike Babcock had no immediate update on Andersen's injury, saying the player would have to first undergo tests.

isis-killer-beheading-video-story-top Company: Oil in pipeline under Missouri River reservoir
Мар 30, 2017 - 00:53
The perpetrators had reportedly tried to burn holes in some sections of the pipeline where it is above ground, at valve sights. Many protests have occurred from two American Indian tribes who say it threatens their water supply and cultural sites.

isis-killer-beheading-video-story-top Curry on song as Golden State march on
Мар 30, 2017 - 00:53
A long touchdown pass late in the third quarter led to an Andre Iguodala behind the back layup and roars from a sauced up crowd. The Cavaliers also did a mass benching, with Kyrie Irving, Kevin Love and James sitting out a loss to the Los Angeles Clippers.

Ford Motor Company (NYSE:F) Analyst Coverage
Мар 30, 2017 - 00:52
Renaissance Technologies LLC increased its position in shares of Ford Motor Company by 1,792.7% in the fourth quarter. It fall, as 77 investors sold F shares while 407 reduced holdings. 82 funds opened positions while 219 raised stakes.

Carrie Lam to be Hong Kong's first female Chief Executive
Мар 30, 2017 - 00:51
The Hong Kong election is not a direct one; candidates are voted by an election committee, mostly comprising pro-Beijing members. He said police told him to report to their station, where he would be arrested for violating public nuisance and incitement laws.

Swiss open probe into spying in Switzerland's Turkish community
Мар 30, 2017 - 00:50
And among some European politicians, there has been discussion over what the future of Turkey's membership process would be. Moreover, EU has also criticised the human rights situation in Turkey, particularly after the failed July 2016 coup.

US House also votes to repeal broadband privacy rules
Мар 30, 2017 - 00:50
Burgess, a Texas Republican, said the FCC rules were "promulgated by bureaucrats who remain unaccountable to the American people". Congress voted to allow ISPs to sell customers' browsing histories and other personal information without their permission.

Why epic Liverpool draw is proudest day of Guardiola's career
Мар 29, 2017 - 00:48
City, in third place, stayed a point ahead of the Merseysiders with a game in hand thanks to Sergio Aguero's equalising goal. WILLY CABALLERO insists he fully understood why boss Pep Guardiola was so happy with Manchester City's draw with Liverpool.

White House forces a risky vote on health care Friday
Мар 29, 2017 - 00:39
His changes include getting rid of some of the Affordable Care Act taxes and rolling back the Medicaid expansions faster. He did not give specifics about what the next replacement efforts would look like or when they would materialize.