Here's The Huge USDA Report Everyone Will Be Talking About All Day

clarence beeks

The USDA is out with its big Prospective Plantings report, which looks at farmers intentions for the year.

You can download it here. You can see preview expectations here.

Here’s how it breaks down:

  • Corn: Total 2011 acreage of 92.2 million expectations vs. estimates of 91.6 million.
  • Wheat: 58 milllion acres vs estimates of 57.3.
  • Cotton: 12.6 million acres vs estimates of 13 million.
  • Soybeans:76.6 million acres vs. estimated 76.9.


Here’s the quick and dirty summary from the USDA:


Corn Planted Acreage Up 5 per cent from 2010 Soybean Acreage Down 1 per cent
All Wheat Acreage Up 8 per cent
All Cotton Acreage Up 15 per cent

Corn growers intend to plant 92.2 million acres of corn for all purposes in 2011, up 5 per cent from last year and 7 per cent higher than in 2009. If realised, this will be the second highest planted acreage in the United States since 1944, behind only the 93.5 million acres planted in 2007. Acreage increases of 250,000 or more are expected in Iowa, Kansas, Nebraska, North Dakota, Ohio, and South Dakota. The largest decrease is expected in Texas, down 150,000 acres.

Soybean planted area for 2011 is estimated at 76.6 million acres, down 1 per cent from last year. If realised, the United States planted area will be the third largest on record. Compared with last year, planted acreage declines of 100,000 acres or more are expected in Iowa, Kansas, Mississippi, Nebraska, and Ohio. If realised, the planted area in New York and North Dakota will be the largest on record.

All wheat planted area is estimated at 58.0 million acres, up 8 per cent from last year. The 2011 winter wheat planted area, at 41.2 million acres, is 10 per cent above last year and up 1 per cent from the previous estimate. Of this total, about 29.4 million acres are Hard Red Winter, 8.2 million acres are Soft Red Winter, and 3.7 million are White Winter. Area planted to other spring wheat for 2011 is estimated at 14.4 million acres, up 5 per cent from 2010. Of this total, about
13.6 million acres are Hard Red Spring wheat. Durum planted area for 2011 is estimated at 2.37 million acres, down 8 per cent from 2010.

All cotton plantings for 2011 are expected to total 12.6 million acres, 15 per cent above last year. Upland acreage is expected to total 12.3 million acres, up 14 per cent from 2010. American Pima acreage is expected to total 252,500 acres, up 24 per cent from 2010. Cotton acreage increases are expected in every State. The largest increase, at 548,000 acres, is expected in Texas. Acreage increases of more than 100,000 acres are expected in North Carolina, Georgia, and Mississippi.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at

Tagged In

farmers moneygame-us