US farmers will give preference to the cultivation of drought-resistant crops

Published 2023년 3월 28일

Tridge summary

A recent survey by Farm Futures reveals that US farmers are planning to plant more drought-resistant crops due to low soil moisture, leading to a decrease in corn planted area by 1% to 87.7 million acres, the lowest since 2009. The total US grain production is projected to be 14.1 billion bushels in 2023, while domestic consumption may rise to 14.3 billion bushels, resulting in reduced ending stocks. The cultivation of sorghum is expected to increase to 8.5 million acres, the highest since 2012/13, and the projected wheat sown area is 45.7 million acres, with soybean area expansion to 89.6 million acres, driven by growing interest in diesel production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the results of a survey conducted on March 4-14 this year. According to Farm Futures experts, during the spring planting campaign, US farmers will prefer more drought-tolerant crops, as low soil moisture is a serious problem. As a result, corn planted area is expected to fall 1% yoy to 87.7 million acres, the lowest since 2009. U.S. grain production is expected to be 14.1 billion bushels in 2023, while domestic consumption in the new MG may increase to 14.3 billion bushels, reducing the ending stocks of grain to 1.2 billion bushels. Area of sorghum cultivation in the USA in t.y. could rise to 8.5 million acres, the highest since 2012/13. The projected wheat sown area in the US is 45.7 million acres (+3% to the result of the previous MY), incl. under spring grain - 10.1 ...

Source: Zol