Cordonnier Sticks with His U.S. Corn and Soybean Acreage Projections

Posted on Tue, 04/06/2021 - 06:56

Crop Consultant Dr. Michael Cordonnier says the weather favors an early start to spring planting for much of the Midwest, therefore he continues to estimate U.S. farmers may end up planting between 92 million and 93 million acres of corn and between 89 million and 90 million acres of soybeans this year.

He commented that USDA’s estimates for corn plantings of 91.1 million acres and soybean seedings of 87.6 million acres seemed “overly cautious” given strong price signals and supportive insurance guarantees.

Cordonnier says, “One reason why the acreage estimates came in low could be due to the amount of prevent plant acres estimated by the USDA. Given the current soil moisture conditions and weather forecast, the amount of prevent plant acres this spring could end up below the long-term average.”