Pro Farmer, Farmer Estimates Ahead of Prospective Plantings Report

March 27, 2018 12:44 PM
 
 

The USDA will release its Prospective Plantings Report on Thursday. Historically this report is a real market mover over speculation about what farmers will plant in 2018.

At the USDA’s outlook forum in Arlington, Virginia, their economists expect to see a 90 million acre split between corn and soybeans.

Pro Farmer’s survey results show there could be record soybean plantings this year at 90.9 million acres. Corn, on the other hand, is estimated at 88.4 million acres.

Michelle Rook talks to farmers about what they think the report will show on AgDay above.

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Comments

 
Spell Check

C.K
bad axe, MI
3/28/2018 06:41 AM
 

  I am amazed at how shell shocked the farmer is wright now. Hardly any farmers are buying imputs for the farm. The young FHA farmers there refinancing and still running the roads offering half the crop or better for the rent. I think the crops will be scabbed in this spring but watch out for next year, FHA only going to be able to hold asset values up giving free candy money to the young guys, they did that in the 80's and we all saw how that worked. But look on the bright side China basically owns all the bonds that funds the FARM CREDIT SYSTEM across the US , so half the lines of credit in the US for AG are China crops. There next step will be starting to buy up the elevators.

 
 

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