US farmers will plant record soybean acreage this year, but it will be slightly below what analysts had expected, says the USDA's Prospective Plantings released Tuesday.
The 2015 soybean acreage is estimated at 84.635 million acres compared to 2014 at 83.701 million. Analysts estimates had averaged 85.872 million.
The USDA expects US corn producers to seed 89.119 million acres in 2015, down 2% from the 90.597 million seeded in 2014, but above analysts expectations of 88.684 million. If realized acreage will be the lowest since 2010.
Wheat acres will fall to 55.367 million acres from 56.822 million in 2014. The trade had expected 55.612 million
Spring wheat acreage at 12.969 million acres compares to 2014 at 13.025 million. Trade views averaged 13.242 million
The durum wheat will see 1.647 million acres compared to 2014 at 1.398 million. Analysts had been looking for 1.733 million. More on corn here soybeans here wheat here
The more I read through the list their is two things that jump out.
One flax in USA is going up big time in acreage. Ah flax is out of rotation. Seed canceled.
Durum is going in big time, but for us sadly we cant grow durum any more so its out of our rotation also.
Canola is down in acreage,
Sorghum is up also.
So basically it looks like now its real easy.
Canola 4000
Peas 1000
Wheat 4000
Oats 500
Barley 500
Notice soy is out of the picture. Yes it is. This is a risky year and spending money experimenting on varieties that aren't quite their yet is not a option.
Peas are still in because the shit show in India with their weather. If we turn wet and lose a bunch of acres like last year who knows what lentil and pea prices could be. I wouldn't contract much at this time since acreage in Canada might not matter for pulses. Information is key and knowing how bad the situation is over their is key.
The 2015 soybean acreage is estimated at 84.635 million acres compared to 2014 at 83.701 million. Analysts estimates had averaged 85.872 million.
The USDA expects US corn producers to seed 89.119 million acres in 2015, down 2% from the 90.597 million seeded in 2014, but above analysts expectations of 88.684 million. If realized acreage will be the lowest since 2010.
Wheat acres will fall to 55.367 million acres from 56.822 million in 2014. The trade had expected 55.612 million
Spring wheat acreage at 12.969 million acres compares to 2014 at 13.025 million. Trade views averaged 13.242 million
The durum wheat will see 1.647 million acres compared to 2014 at 1.398 million. Analysts had been looking for 1.733 million. More on corn here soybeans here wheat here
The more I read through the list their is two things that jump out.
One flax in USA is going up big time in acreage. Ah flax is out of rotation. Seed canceled.
Durum is going in big time, but for us sadly we cant grow durum any more so its out of our rotation also.
Canola is down in acreage,
Sorghum is up also.
So basically it looks like now its real easy.
Canola 4000
Peas 1000
Wheat 4000
Oats 500
Barley 500
Notice soy is out of the picture. Yes it is. This is a risky year and spending money experimenting on varieties that aren't quite their yet is not a option.
Peas are still in because the shit show in India with their weather. If we turn wet and lose a bunch of acres like last year who knows what lentil and pea prices could be. I wouldn't contract much at this time since acreage in Canada might not matter for pulses. Information is key and knowing how bad the situation is over their is key.
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