March 15, 2021: McHenry, Illinois based analytical research/brokerage firm Allendale Inc. estimates the following 2021 acreage based on its annual nationwide producer survey: There were 29 separate states participating this year.
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Corn planting intentions of 92.828 million acres would be 2.0 million over 2020. This would be the fourth largest of all time and 4.5 million off the 2012 peak at 97.291. Allendale’s production estimate would imply an increase of 1.058 billion bushels over 2020. The 15.240 billion 2021 production would be a record.
Soybean planting intentions are seen at 90.317 million acres, 7.2 million over last year. This would be a record acreage, 155,000 over the 2017 peak of 90.162. Allendale’s 4.558 billion production estimate would also be a record and 422 million over last year.
Wheat acreage is estimated at 46.409 million acres, 2.1 million over last year. Assuming normal abandonment and trend yields, Allendale’s production estimate of 1.910 billion is 84 million over last year.