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U.S. farmers to plant less corn more soybeans in 2006, survey shows

Agriculture.com Staff 03/08/2006 @ 7:30am

U.S. farmers will plant less corn in 2006 than last year and more soybeans and wheat, according to one market analyst service's planting intention survey.

Allendale's 17th annual farmer-driven acreage survey estimates corn acres at 80.254 million, 1.505 million below a year ago. Soybean acres were estimated at 74.202 million, 2.060 million above last year.

All wheat acres were estimated at 57.966 million, up 737, 000 from a year ago. Winter wheat acres were estimated at 41.418 million, 985,00 above last year, and durum wheat at 2.770 million acres, 10,000 higher than a year ago. Other spring wheat acres were put at 13.778 million, 258,000 below last year.

If realized, 80.254 million corn acres would be the 12th highest in history. Peak corn acres in 1976 were 84.588 million acres, according to Allendale. Using Allendale Inc. 147.58 bushel/acre trend yield, it would imply corn production of 10.752 billion bushels versus last year's 11.112 billion bushel crop.

Soybean planting intentions of 74.202 million acres would represent the 3rd highest in history. Record soybean plantings were 75.208 in 2004. Using Allendale Inc. 41.21 bushel/acre trend yield, it would imply soybean production of 3.011 billion bushels versus last year's 3.086 billion bushel crop.

Wheat acreage is estimated at 57.966 million acres. This is the second lowest planted acreage in 30 years. Last year's 57.229 million acres was the lowest in that time frame. Using Allendale Inc. 43.23 bushel/acre trend yield, it would imply wheat production of 2.122 billion bushels versus last year's 2.105 billion bushel production.

U.S. farmers will plant less corn in 2006 than last year and more soybeans and wheat, according to one market analyst service's planting intention survey.

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