U.S. farmers to plant record-high soybean acreage

Spring planting intentions released by USDA NASS show increased soybean production for 2014.

Producers surveyed across the United States intend to plant an estimated 81.5 million acres of soybeans in 2014, up 6% from last year and an all-time record high, according to the Prospective Plantings report released today by the U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS). If planting goes well, soybeans will surpass the previous record of 77.5 million acres planted in the United States set in 2009. The surveys also revealed corn growers intend to plant 91.7 million acres in 2014, down 4% from last year, the lowest planted acreage since 2010.

The Prospective Plantings report provides the first official, survey based estimates of U.S. farmers’ 2014 planting intentions. NASS’s acreage estimates are based on surveys conducted during the first two weeks of March from a sample of more than 84,000 farm operators across the United States. Other key findings in the report are:

  • All wheat planted area for 2014 is estimated at 55.8 million acres, down 1% from 2013.
  • Winter wheat planted area, at 42.0 million, is down 3% from last year but up slightly from the previous estimate.
  • Area planted to spring wheat for 2014 is expected to total 12.0 million acres, up 4% from 2013.
  • Durum wheat is expected to total 1.80 million acres for 2014, up 22% from last year.
  • All cotton planted area for 2014 is expected to total 11.1 million acres, 7% above last year.

NASS today also released the quarterly Grain Stocks report to provide estimates of on-farm and off-farm stocks as of March 1. Key findings in that report include:

  • Soybeans stored totaled 992 million bushels, down 1% from March 1, 2013. On-farm soybean stocks were down 16% from a year ago, while off-farm stocks were up 13%.
  • Corn stocks totaled 7.01 billion bushels, up 30% from the same time last year. On-farm corn stocks were up 45% from a year ago, and off-farm stocks were up 15%.
  • All wheat stored totaled 1.06 billion bushels, down 15% from a year ago. On-farm all wheat stocks were up slightly from last year, while off-farm stocks were down 18%.
  • Durum wheat stored totaled 38.1 million bushels, down 10% from March 1, 2013. Both on-farm and off-farm stocks of Durum wheat were down from the previous year, 3% and 17%, respectively.

The Prospective Plantings and Grain Stocks reports and all NASS reports are available online at www.nass.usda.gov.

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