USDA reports record high soybean acreage, corn acres down

A record high 84.8 million acres of soybeans were planted in the U.S. in 2014, according to USDA’s June 30 acreage report. The soybean acreage total was up 11 percent from last year, with record high planted acreage reported in Michigan, Minnesota, Nebraska, New York, North Dakota, Ohio, Pennsylvania, South Dakota, and Wisconsin.

Planted corn acreage was reported at 91.6 million acres, down 4 percent from last year and the lowest planted acreage in the U.S. since 2010. The planted acreage total was also down slightly from USDA’s March 31 Prospective Plantings estimate of 91.7 million acres, but still represents the fifth largest corn acreage in the U.S. since 1944.

All wheat planted area for 2014 is estimated at 56.5 million acres, up less than 1 percent from 2013. The 2014 winter wheat planted area, at 42.3 million acres, is down 2 percent from last year.

All cotton planted area for 2014 is estimated at 11.4 million acres, 9 percent above last year. Upland cotton acreage was reported at 11.2 million acres, up 10 percent from last year.

USDA’s National Agricultural Statistics Service (NASS) surveyed approximately 11,000 segments of land and 71,000 producers during the first two weeks of June to gather information for the report.