2020 Annual Acreage Survey Results March 18, 2020

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
Corn 89.700 94.0 94.631 +4.931
Soybeans 76.100 85.0 83.740 +7.640
All Wheat 45.158 45.0 44.465 -0.693
Winter Wheat 31.159 – 30.914 -0.245
Durum Wheat 1.339 – 1.110 -0.229
Other Spring Wheat 12.660 – 12.441 -0.219

Potential Production

 

Crop

 Survey

Planted

 Allendale Harvested Allendale

Trend Yield

 Implied Production
Corn 94.631 86.691 177.3 15.369
Soybeans 83.740 82.773 50.3 4.163
All Wheat 44.465 37.524 49.9 1.874

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 rnelson@allendale-inc.com.

Post Archives

Allendale Insider

On The Go

Market Movers

Snapshots

Trader Insights

Morning Wake up Calls

Allendale, Inc.
4506 Prime Parkway
McHenry, IL 60050

1.800.2MARKET
1.800.551.4626
Local: 815.578.6150
Fax: 815.363.5511
service@allendale-inc.com
©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.

Allendale, Inc.
4506 Prime Parkway McHenry, IL 60050

1.800.2MARKET | 1.800.551.4626
Local: 815.578.6150 | Fax: 815.363.5511

service@allendale-inc.com

©2019 Allendale, Inc.
This communication is intended as a solicitation for business in the U.S. Please see our full disclaimer.
Site designed and developed by Turnkey Digital.