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FARM FUTURES SURVEY REPORTS FARMERS WILL PLANT MORE CORN, FEWER SOYBEANS IN 2020
Sep. 3, 2019
Farm Futures magazine reports:
Farm Futures' first survey of 2020 planting intentions found farmers hope to plant 94.1 million acres of corn, up 4.5% from the 90 million USDA said they planted in 2019 in its Aug. 12 report on production.
Growers told Farm Futures they hope to plant 83.6 million acres of soybeans next spring, an increase of 9%. But that would still be 5.6 million acres below the 89.2 million acres farmers put in for harvest in 2018.
Abundant moisture on parts of the Plains has producers ready to boost hard red winter wheat seedings 1.3% to 23 million acres. Soft red winter wheat could also see gains, with white wheat lower, taking total winter crop seedings this fall up 1.1% to 32.1 million acres. Farmers in the North expect to cut plantings of spring wheat and durum in 2020. Overall wheat acreage could be down 1.1% to 45.1 million, which would be 2.7 million acres below 2018.
Farmers in the South and West plan to cut cotton seedings 8.7% to 12.7 million acres next spring. Sorghum could gain back 9.3% to hit 5.8 million acres, which also would be higher than what was planted in 2018.
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