Wheat Acres To Expand For First Time In 8 Years
Farmers will be planting more total wheat acres for 2021, thanks to stronger demand, higher grain prices and good weather conditions.
USDA predicts 46 million total acres of wheat will be planted—a 1.7-million-acre increase over the 44.3 million acres of wheat planted in 2020.
The increase marks the first expansion of U.S. wheat acres in the past eight years.
Winter wheat is the first cash crop that farmers have planted since the agricultural commodity price rally began in late summer.
However, the U.S. government will not release a farmer survey specifically on winter wheat plantings until January, reports a Reuters article posted earlier this month (See https://reut.rs/3o3qHDk).
Reuters reports that private analytics firm IHS Markit Agribusiness forecast U.S. winter wheat plantings at 31.5 million acres, up 3.6% from the 30.4 million acres seeded a year ago.
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