Sunrise over a field of young corn. Natural background for design on the theme of the agricultural industry
On March 31, 2021 the National Agricultural Statistics Service, Agricultural Statistics Board, and the United States Department of Agriculture released a new crop report. Below is important information that reflects the jump in the grain market.
Grain Stocks:
- Corn stocks went down 3% percent from March 2020.
- Soybean stocks went down 31% from March 2020.
- All wheat stocks went down 7% from March 2020.
Prospective Planting:
- Corn planted acreage is up less than 1% from 2020.
- Soybean acreage is up 5% from 2020.
- All wheat acreage up 5% from 2020.
Here is the stock and acreage report:
| USDA –
March 1, 2021 |
Avg. Est. | USDA –
March 1, 2020 |
|
| Corn quarterly stocks | 7.701 | 7.767 | 7.952 |
| Bean quarterly stocks | 1.564 | 1.543 | 2.255 |
| Wheat quarterly stocks | 1.314 | 1.278 | 1.415 |
| USDA –
March 1, 2021 |
|||
| Corn acreage | 91.1 | 93.208 | 90.819 |
| Bean acreage | 87.6 | 89.996 | 83.084 |
| Wheat acreage | 46.4 | 44.971 | 44.349 |
| Winter wheat | 33.1 | 31.811 | 30.415 |
| Spring wheat | 11.7 | 11.644 | 12.250 |
| Cotton acreage | 12.0 | 11.905 | 12.093 |
| Sorghum acreage | 6.940 | 6.805 | 5.880 |
Full Grain Stocks Report: https://luckeyfarmers.com/wp-content/uploads/2021/04/grst0321.pdf
Prospective Planting Report: https://luckeyfarmers.com/wp-content/uploads/2021/04/pspl0321.pdf
