US: June crop numbers provide a reality check for the March planting report

Published 2024년 8월 8일

Tridge summary

The June acreage report from the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) highlights notable changes in crop planting in Arkansas and the U.S. overall. In Arkansas, cotton planting surged by 31.4% to 670,000 acres, while corn planting dropped by 27.1% to 620,000 acres. Soybean and rice acres saw slight declines, and peanut acres remained unchanged. These shifts are attributed to fluctuating crop prices, weather conditions, and seed availability. Nationally, soybean acreage increased by 2.3% from 2023, despite lower prices, while winter wheat acres declined by 39.1% from 2024, reflecting a broader trend of reduced grain profitability. The June report provided a reality check against March planting intentions.

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Original content

Cotton acres in Arkansas have surged to a decade high, while corn acres have plummeted, according to the June acreage report from the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Principal crops planted acreage is down 0.8% to 7.15 million acres in Arkansas, while the total planted in the U.S. is 315 billion acres, down 1.4% from the previous year, NASS said. Soybean acres in the Natural State are slightly up as compared to a year ago, but are slightly down from earlier spring projections. Rice acres were down slightly as well, while peanut acres remained unchanged from 2023. “June acreage is more or less a reality check for the March ‘Planting Intentions’ report,” said Scott Stiles, extension agricultural economics program associate for the University of Arkansas System Division of Agriculture. Corn acres dropped 27.1% to 620,000 acres, unchanged from the March planting intentions. “Corn prices have been on a downward slide for much of the ...

Source: Talkbusiness