Market News

Soybean planting a record 84.8 million acres

U.S. farmers planted a record amount of soybean acres this year.

According to USDA, soybean acreage is projected at 84.839 million acres, up 11% from 2013, and harvested area is seen at 84.058 million acres, which would a new record by 7.4 million acres. That includes new all-time highs in Michigan, Minnesota, Nebraska, New York, North Dakota, Ohio, Pennsylvania, South Dakota, and Wisconsin. Out of the 31 states that grow an appreciable amount of soybeans, all either held steady with a year ago or increased soybean acreage, except for Oklahoma. 94% of this year’s soybean acreage is herbicide resistant varieties.

Corn was pegged at 91.635 million acres, down 4% on the year and the lowest since 2010. However, it’s still the fifth highest since 1944. Harvested area is seen at 83.839 million acres, which would also be 4% less than 2013.

Wheat came out at 56.474 million acres, slightly more than a year ago, with winter wheat at 42.296 million acres, down 2% and spring wheat at 12.709 million acres, a 10% increase from last year, and durum at 1.469 million acres, a little below a year ago. Harvested area for all wheat is estimated at 46.240 million acres, with winter wheat at 32.419 million, spring wheat at 12.406 million acres, and durum at 1.418 million.

Acreage comparisons for selected crops in Brownfield states:

Illinois: Corn: Planted: 12 million acres, unchanged from 2013; Harvested: 11.8 million acres, unchanged from a year ago; Soybeans: Planted: 10.1 million acres, up 650,000 from 2013; Harvested: 10.05 million acres, up 630,000 from a year ago; Winter wheat: Planted: 750,000 acres, down 125,000 from 2013; Harvested: 690,000 acres, down 140,000 from a year ago

Indiana: Corn: Planted: 6 million acres, unchanged from 2013; Harvested: 5.85 million acres, unchanged from a year ago; Soybeans: Planted: 5.5 million acres, up 300,000 from 2013; Harvested: 5.49 million acres, up 300,000 from a year ago; Winter wheat: Planted: 430,000 acres, down 40,000 from 2013; Harvested: 360,000 acres, down 80,000 from a year ago

Iowa: Corn: Planted: 13.6 million acres, unchanged from 2013; Harvested: 13.2 million acres, up 100,000 from a year ago; Soybeans: Planted: 10.1 million acres, up 800,000 from 2013; Harvested: 10.04 million acres, up 800,000 from a year ago; Winter wheat: Planted: 35,000 acres, up 5,000 from 2013; Harvested: 25,000 acres, up 4,000 from a year ago

Minnesota: Corn: Planted: 8.5 million acres, down 100,000 from 2013; Harvested: 8 million acres, down 150,000 from a year ago; Soybeans: Planted: 7.5 million acres, up 800,000 from 2013; Harvested: 7.42 million acres, up 800,000 from a year ago; Winter wheat: Planted: 45,000 acres, up 15,000 from 2013; Harvested: 40,000 acres, up 13,000 from a year ago

Missouri: Corn: Planted: 3.5 million acres, up 150,000 from 2013; Harvested: 3.33 million acres, up 130,000 from a year ago; Soybeans: Planted: 5.7 million acres, up 100,000 from 2013; Harvested: 5.65 million acres, up 100,000 from a year ago; Winter wheat: Planted: 950,000 acres, down 150,000 from 2013; Harvested: 850,000 acres, down 150,000 from a year ago

Nebraska: Corn: Planted: 9.3 million acres, down 650,000 from 2013; Harvested: 8.75 million acres, down 800,000 from a year ago; Soybeans: Planted: 5.4 million acres, up 600,000 from 2013; Harvested: 5.35 million acres, up 590,000 from a year ago; Winter wheat: Planted: 1.5 million acres, up 30,000 from 2013; Harvested: 1.4 million acres, up 270,000 from a year ago

Ohio: Corn: Planted: 3.7 million acres, down 200,000 from 2013; Harvested: 3.48 million acres, down 260,000 from a year ago; Soybeans: Planted: 4.95 million acres, up 500,000 from 2013; Harvested: 4.94 million acres, up 510,000 from a year ago; Winter wheat: Planted: 620,000 acres, down 70,000 from 2013; Harvested: 570,000 acres, down 95,000 from a year ago

South Dakota: Corn: Planted: 5.9 million acres, down 300,000 from 2013; Harvested: 5.5 million acres, down 360,000 from a year ago; Soybeans: Planted: 4.95 million acres, up 350,000 from 2013; Harvested: 4.91 million acres, up 330,000 from a year ago; Winter wheat: Planted: 1.3 million acres, unchanged from 2013; Harvested: 1.17 million acres, up 500,000 from a year ago; Spring wheat: Planted: 1.3 million acres, up 110,000 from 2013; Harvested: 1.27 million acres, up 105,000 from a year ago; Durum: Planted: 3,000 acres, down 1,000 from 2013; Harvested: 3,000 acres, down 1,000 from a year ago

Wisconsin: Corn: Planted: 4.2 million acres, up 100,000 from 2013; Harvested: 3.15 million acres, up 100,000 from a year ago; Soybeans: Planted: 1.8 million acres, up 220,000 from 2013; Harvested: 1.78 million acres, up 230,000 from a year ago; Winter wheat: Planted: 290,000 acres, down 25,000 from 2013; Harvested: 260,000 acres, down 5,000 from a year ago