Corn area up sharply, soybeans down
June 29, 2007
by Ron Sterk
WASHINGTON — Planted corn area was estimated at 92.9 million acres for 2007, up 3% from March indications, up 19% from 2006 and the highest since 95.5 million acres in 1944, the U.S. Department of Agriculture said in its June Acreage report (click here to read report). The number was above the high end of trade expectations. Soybean planted area was estimated at 64.1 million acres, down 15% from last year’s record high and the lowest since 1995. The soybean number was below the low end of pre-report trade estimates. All wheat area was estimated at 60.5 million acres, up 6% from 2006, including spring wheat other than durum at 13.1 million acres, down 12%, durum at 2.2 million acres, up 19%, and winter at 45.1 million acres, up 11%. Hard red winter area was estimated at 32.4 million acres, soft red winter at 8.8 million acres and white winter at 3.9 million acres. Hard red spring wheat was estimated at 12.6 million acres.