2022 US Planted Acres

AgResource has highlighted the historic balance sheet tightness that is ahead for US 2021/22 corn, soybean, wheat, barley, sorghum, and oat markets. Dwindling stocks adds to the battle for 2022 acres, a dynamic not witnessed since 2007-12. The battle starts with winter wheat seeding in September/ October. This is followed by the battle for extra…

US Wheat Supply & Demand

AgResource has reduced US all-wheat production in 2021 to just 1,700 million bushels, vs. USDA’s July forecast of 1,743 million. Following two months of HRW/SRW yield hikes, additional boosts to winter production are not anticipated. Accurately accounting for spring wheat abandonment alone reduces the US crop size by 25 million bushels. AgResource also anticipates a…