S&P Global Commodity Insights, formerly known as IHS Markit Agribusiness, projected U.S. farmers would plant 90.504 million acres of corn in 2023, up 2.2% from last year, according to portions of a client note seen by Reuters.
S&P Global projected 2023 U.S. soybean plantings at 88.0 million acres, up 0.6% from 2022.
All-wheat plantings for 2023 are projected at 49.837 million acres, up 9.0% from 2022. That included 36.950 million acres of winter wheat, up 11.1% from last year; 11.200 million acres of spring wheat (excluding durum), up 3.4% from last year; and 1.687 million acres of durum, up 3.4% from last year.
S&P Global projected sorghum plantings for 2023 at 6.570 million acres, up 3.9% from 2022.
The firm projected 2023 all-cotton plantings at 10.892 million acres, down 20.9% from last year.
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