A year of comfortable supplies
That's the bottom line from crop outlook sessions at USDA's Ag Outlook Conference. That's despite expectations that area planted to major crops is expected to decrease. Planted acreage of wheat, corn, barley, oats, sorghum, soybeans, upland cotton and rise is projected at 247.6 million acres, down 5.2 million from 2008. Although soybeans are projected at a record 77 million, up 3.24 million from last year, double-cropped soybeans could be off 2 million due to the extent of lower winter wheat acres in states that typically double crop. Prices for all the major crops will be down from last year's strong levels, USDA reports. –Linda Smith
Crop Acreage Change from 08 Production End stocks
(mil. A) (mil. A)
Corn 86 0   12.4 bil. bu. 1.72 bil. bu.
Soybeans 77 +1.3 3.24 bil. bu. 380 mil. bu.
Wheat 58 -5.1   2.12 bil. bu. 664 mil. bu.
Cotton 8.5  -1.0 13 mil. bales 5l.7 mil. bales
Rice 2.9 -0.1 206.5 mil. cwt. 25.7 mil. cwt.