USDA: Corn planted acreage up 6%, corn stocks down 15%
July 6, 2023
BY Erin Krueger
The USDA’s National Agricultural Statistics Service on June 30 announced that an estimated 94.1 million acres of corn has been planted in the U.S. for 2023, up 6 percent when compared to 2022. Growers currently expect to harvest 86.3 million acres of corn for grain, up 9 percent from last year.
The agency’s July 3 Crop Progress Report indicates approximately 42 percent of U.S. corn currently in good condition, with 8 percent in excellent condition, compared to 53 percent and 11 percent, respectively, at the same time last year. Approximately 34 percent of corn is currently in fair condition, while 11 percent is in poor condition and 4 percent is in very poor condition, compared to 27 percent, 7 percent and 2 percent, respectively, as reported during the same period of 2022.
According to the NASS’s June 30 Acreage report, 93 percent of all corn planted in the U.S. are biotech varieties, unchanged from last year.
Corn stocks as of June 1 totaled 4.11 billion bushels, down 6 percent when compared to the same time last year. On-farm stocks were up 5 percent from a year ago, but off-farm stocks were down 15 percent, according to the USDA.
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