U.S. Acreage Update – Jun ’18
According to USDA’s June acreage report, corn plantings were revised higher than initially expected. Corn planted acres for 2018 of 89.128 million acres finished 1.102 million acres, or 1.3%, above the March estimated figure but remained 1.2% below the previous year figures, finishing at a three year low.
Corn planted acres for 2018 were led by Iowa (13.3 million acres), followed by Illinois (11.0 million acres) and Nebraska (9.7 million acres). The aforementioned states combined to account for over a third of the total U.S. corn plantings.
Corn planted acres for 2018 were revised most significantly higher within Nebraska (+400,000 acres), followed by North Dakota (+300,000 acres), Minnesota (+300,000 acres) and Kansas (+300,000 acres). South Dakota (-500,000 acres) experienced the largest decline in corn planted acres from the March report.
Corn acres finished most significantly lower on a YOY basis throughout South Dakota (-500,000 acres), followed by Minnesota (-250,000 acres) and Indiana (-250,000 acres). Nebraska (+150,000 acres) and Ohio (+150,000 acres) experienced the largest YOY increase in corn plantings.
Soybean planted acres for 2018 of 89.557 million acres finished 575,000 acres, or 0.6%, above the March estimated figure but remained 0.6% below the record highs experienced during the previous year. 2018 soybean plantings remained at the second largest annual figure on record.
Soybean planted acres for 2018 were led by Illinois (10.9 million acres), followed by Iowa (9.9 million acres) and Minnesota (7.8 million acres). The aforementioned states combined to account for over 30% of the total U.S. soybean plantings.
Soybean planted acres for 2018 were revised most significantly higher within Illinois (+300,000 acres), followed by Michigan (+150,000 acres) and Tennessee (+150,000 acres). North Dakota experienced the largest decline in soybean planted acres from the March report (-500,000 acres).
Soybean acres finished most significantly lower on a YOY basis throughout North Dakota (-500,000 acres), followed by Minnesota (-350,000 acres) and Kansas (-300,000 acres). Illinois (+300,000 acres) experienced the largest YOY increase in soybean plantings.
Wheat planted acres for 2018 of 47.821 million acres finished 482,000 acres, or 1.0%, above the March estimated figure and 3.9% above the previous year figures. 2018 wheat plantings remained at the second smallest annual figure on record, however.
Wheat planted acres for 2018 were led by Kansas (7.8 million acres), followed by North Dakota (7.69 million acres) and Montana (5.29 million acres). The aforementioned states combined to account for over 40% of the total U.S. wheat plantings.
Wheat planted acres for 2018 were revised most significantly higher within Montana (+340,000 acres), followed by North Dakota (+200,000 acres). Colorado experienced the largest decline in wheat planted acres from the March report (-203,000 acres).
Wheat acres finished most significantly higher on a YOY basis throughout North Dakota (+1.01 million acres), Minnesota (+441,000 acres) and Kansas (+200,000 acres). Oklahoma (-100,000 acres) and Texas (-100,000 acres) experienced the largest YOY declines in wheat plantings.
Corn planted acres for 2018 were led by Iowa (13.3 million acres), followed by Illinois (11.0 million acres) and Nebraska (9.7 million acres). The aforementioned states combined to account for over a third of the total U.S. corn plantings.
Corn planted acres for 2018 were revised most significantly higher within Nebraska (+400,000 acres), followed by North Dakota (+300,000 acres), Minnesota (+300,000 acres) and Kansas (+300,000 acres). South Dakota (-500,000 acres) experienced the largest decline in corn planted acres from the March report.
Corn acres finished most significantly lower on a YOY basis throughout South Dakota (-500,000 acres), followed by Minnesota (-250,000 acres) and Indiana (-250,000 acres). Nebraska (+150,000 acres) and Ohio (+150,000 acres) experienced the largest YOY increase in corn plantings.
Soybean planted acres for 2018 of 89.557 million acres finished 575,000 acres, or 0.6%, above the March estimated figure but remained 0.6% below the record highs experienced during the previous year. 2018 soybean plantings remained at the second largest annual figure on record.
Soybean planted acres for 2018 were led by Illinois (10.9 million acres), followed by Iowa (9.9 million acres) and Minnesota (7.8 million acres). The aforementioned states combined to account for over 30% of the total U.S. soybean plantings.
Soybean planted acres for 2018 were revised most significantly higher within Illinois (+300,000 acres), followed by Michigan (+150,000 acres) and Tennessee (+150,000 acres). North Dakota experienced the largest decline in soybean planted acres from the March report (-500,000 acres).
Soybean acres finished most significantly lower on a YOY basis throughout North Dakota (-500,000 acres), followed by Minnesota (-350,000 acres) and Kansas (-300,000 acres). Illinois (+300,000 acres) experienced the largest YOY increase in soybean plantings.
Wheat planted acres for 2018 of 47.821 million acres finished 482,000 acres, or 1.0%, above the March estimated figure and 3.9% above the previous year figures. 2018 wheat plantings remained at the second smallest annual figure on record, however.
Wheat planted acres for 2018 were led by Kansas (7.8 million acres), followed by North Dakota (7.69 million acres) and Montana (5.29 million acres). The aforementioned states combined to account for over 40% of the total U.S. wheat plantings.
Wheat planted acres for 2018 were revised most significantly higher within Montana (+340,000 acres), followed by North Dakota (+200,000 acres). Colorado experienced the largest decline in wheat planted acres from the March report (-203,000 acres).
Wheat acres finished most significantly higher on a YOY basis throughout North Dakota (+1.01 million acres), Minnesota (+441,000 acres) and Kansas (+200,000 acres). Oklahoma (-100,000 acres) and Texas (-100,000 acres) experienced the largest YOY declines in wheat plantings.