United States: USDA brings soybean area in the 2023/24 crop equal to Outlook Forum estimate, but projects growth in corn

Published 2023년 3월 31일

Tridge summary

The USDA has released projections for the 2023/24 crop planting areas, which are in line with February's Agricultural Outlook Forum estimates for soybeans at 35.41 million hectares, but slightly above the previous harvest's figure. Corn planting area has been increased to 37.23 million hectares, up from the February estimate and significantly higher than the previous season. Wheat planting area is projected to be 20.20 million hectares, a decrease from the previous harvest but slightly above the February estimate. Cotton planting area has been reduced to 4.57 million hectares, down from last year's figures.

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

Original content

The USDA (United States Department of Agriculture) brought, this Friday afternoon (31), the first projections of planting area for the 2023/24 crop and little surprised in relation to the figures presented at the Agricultural Outlook Forum, in February . For soybeans, the area was estimated at 35.41 million hectares - the same number as last month - but slightly larger than that recorded in the past harvest, of 35.39 million. The range expected by the market was from 35.48 to 36.27 million hectares. For corn, the area projected by the USDA was 37.23 million hectares, greater than the 36.83 million estimated at the forum in February. The area is also considerably higher than the previous season, at 35.84 million tons. The bulletin also brought the area of wheat at 20.20 million hectares, against 18.51 million in the 2022/23 harvest. In February, the ...

Source: NoticiasAgricolas