Wheat acreage in the US will increase by 9%

Published 2023년 4월 1일

Tridge summary

The US Department of Agriculture has announced plans to increase wheat planting areas for the 2023 crop, with a 9% rise to 49.9 million acres compared to the previous year. This includes a 13% increase in winter soft wheat to 37.5 million acres and a 9% increase in durum wheat to 1.78 million acres. Additionally, the sown area for corn is projected to reach 92.0 million acres, showing a 4% increase, while soybeans are expected to see a marginal increase of 0.1% to 87.5 million acres. This announcement reflects a higher area forecast for wheat and corn than market expectations.

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

Original content

According to the US Department of Agriculture, the country's wheat planting area for the 2023 crop will be increased to 49.9 million acres, up 9% compared to last year. This is reported by the Grain On-Line agency. On March 31, the USDA increased its winter soft wheat area estimate to 37.5 million acres, up 13% from last year. Spring soft wheat is expected to be sown on 10.6 million acres (-2%). The area under durum wheat will be expanded to 1.78 million acres (+9%). The sown area of corn will reach 92.0 million acres (+4%), soybeans - 87.5 million acres (+0.1%). The forecast of areas under wheat and corn turned out to be higher than market expectations. Last ...

Source: Zol