News & Events
This week's U.S. Grains Council Chart of the Week shows projected acres from the U.S. Department of Agriculture's (USDA) Prospective Plantings Report released today. The report projects increases in planted acres for corn, sorghum and wheat, with very small declines in soybean and barley acres.
Using USDA's trend yield for corn and assuming 90 percent of planted acres are harvested, this amount of planted acres would produce a 363.8 million metric tons (14.323 billion bushel) corn harvest in 2013.
USDA reports that the planting intentions report error averages 1.194 million acres. In the past 20 years the planting intentions have been below actual 8 times and above actual 12 times.