USDA brings soybean planting at 8% in the US, slightly higher than expected, but with an eye on the rains forecast for the Corn Belt

Maize (Corn)
Published Apr 23, 2024

Tridge summary

The United States is in the midst of its planting season, focusing on the Corn Belt, its main grain-producing region. According to the USDA, there's an uptick in soybean planting areas, while corn and wheat areas have seen a decline. Currently, 8% of soybeans and 12% of corn have been planted, with some corn fields beginning to germinate. Weather conditions, including recent dry spells and anticipated rains, are playing a significant role in the planting pace and success. The forecast predicts above-average temperatures and rainfall in the near future, which could have varying effects on planting progress and crop development across different areas. Market analysts and producers are keeping a close eye on these developments, aware of their potential mixed impacts on the crops.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

With planting underway in the United States, all eyes in the market are on weather conditions in the Corn Belt, the country's main grain producing region. The new harvest should have a larger area of soybeans and a smaller area of corn and wheat, according to the latest estimates from the USDA (United States Department of Agriculture), and the average productivity will be constructed according to the climate scenario. Also according to data from the department, the area sown with soybeans, until last Sunday (21st) reached 8% and that of corn reached 12%, against 3% and 6%, respectively, the previous week. The averages are 4% and 10%, respectively, and market expectations were 7% and 12%. The bulletin also contains information that 3% of the corn fields have already germinated, compared to 2% last year and the average for the period. The USDA also reported that 11% of the lagoon area has already been planted in the USA, compared to 8% the previous week, 11% average and the same ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.