Based on a Reuters report, IHS Markit expects 2022 U.S. corn acres to slide to 91.578 million acres next year. That’s up 794,000 acres from the firm’s projection last month but would be down 2.43 million acres from this year.
The firm expects soybean acres to rise to 88.815 million acres, which is an 880,000-acre increase from last month’s projection and would be up 1.085 million acres from 2021.
IHS cut total wheat acres by 743,000 acres from last month to 48.603 million acres. That would be 1.9 million acres more than what was planted for harvest this year. The firm cut winter wheat acres to 34.033 million acres, down 360,000 from last month but it would be up 385,000 acres from 2021-22.
Spring wheat (excluding durum) acreage was cut to 12.72 million acres, down 310,000 acres from last month, but up 1.3 million acres from this year. For durum, the firm expects plantings of 1.85 million acres, down 100,000 acres from last month but a 215,000-acre increase from last year.
The projection for total cotton acres was cut by 249,000 acres to 11.844 million, but that would be up 653,000 acres from 2021.
