WASHINGTON – USDA released the 2017 Prospective Plantings report on Friday, March 31st.
Corn planted acreage was estimated at 90 million acres, down 4% or 4 million acres from last year. Planted acreage is expected to be down or unchanged in 38 of the 48 estimating states.
Soybean planted acreage for 2017 was estimated at a record high of 89.5 million acres, up 7% from last year. Planted acreage is expected to be up or unchanged in 27 of the 31 estimating states.
All wheat planted acres for 2017 is estimated at 46.1 million acres, down 8% from last year. This is the lowest number on record since the U.S. began keeping records in 1919. The winter wheat planted area is estimated to be down 9% from last year, but up 1% from the previous estimate. Spring wheat acreage is estimated to be down 3% from 2016. The estimated Durum planted area for 2017 is estimated at 2 million acres, down 17% from last year.