CHICAGO, IL. (March 18, 2020) – Allendale, Inc. a Chicago area agricultural commodity brokerage and analysis firm estimates the following 2020 acreage based on its annual nationwide producer survey: There were 30 separate states participating this year.
Annual Acreage Survey Results
|Crop||USDA 2019||USDA Ag Forum||Allendale 2020||Vs. 2019|
|Other Spring Wheat||12.660||–||12.441||-0.219|
Corn planting intentions of 94.631 million acres would be 4.9 million over 2019. This would be the third largest of all time and just 2.7 million off the 2012 peak at 97.291. Allendale’s production estimate would imply an increase over 2019 of 1.677 billion bushels. That 15.369 billion 2020 production would be a record.
Soybean planting intentions are seen at 83.740 million acres, 7.6 million over last year. This would be the third largest acreage total, 6.4 million off the 2017 peak of 90.162. Allendale’s 4.163 billion production estimate would be the fourth largest in history.
Wheat acreage is estimated at 44.465 million acres. This is down 693,000 from last year and is the lowest in history for the all-wheat data set that USDA started in 1919. Assuming normal abandonment and trend yields, Allendale’s production estimate of 1.874 billion is 46 million under last year.
For questions and comments on the survey, please contact Rich Nelson, Chief Strategist at 800-262-7538 or email@example.com.