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