April 1, 2021
BY Erin Voegele
U.S. agriculture producers intend to plant an estimated 91.1 million acres of corn in 2021, up less than 1 percent when compared to last year, according to the USDA National Agricultural Statistics Service’s March 31 Prospective Plantings report.
According to the USDA, planted acreage intentions for corn are up or unchanged in 24 of the 48 estimating states. The largest increases are expected in the Dakotas, where producers intend to plant a combined 8.9 million acres of corn, up 2 million acres when compared to 2020. Producers across most of the Corn Belt, however, intend to plant fewer acres than last year. If realized, the planted area of corn in Idaho and Oregon will be the largest on record, the USDA said.
NASS also released its quarterly Grain Stocks report on March 31, reporting that corn stocks were at 7.7 million bushels as of March 1, down 3 percent when compared to the same time last year. On-farm corn stocks were down 9 percent when compared to last year, with off-farm stocks up 5 percent.
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Copies of both reports can be downloaded from the USDA NASS website.
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U.S. operatable biofuels capacity increased slightly in January, with gains for ethanol, according to the U.S. EIA’s Monthly Biofuels Capacity and Feedstock Update, released March 31. Feedstock consumption was down when compared to December.
U.S. farmers are expected to plant 83.5 million acres of soybeans in 2025, down 4% when compared to last year, according to the USDA National Agricultural Statistics Service’s annual Prospective Plantings report, released March 31.
ADM and Mitsubishi Corp. on March 27 announced the signing of a non-binding memorandum of understanding (MOU) to form a strategic alliance to explore potential areas of future collaboration across the agriculture value chain.
China’s exports of used cooking oil (UCO) reached a record high in 2024 but fell sharply in December after the Chinese government eliminated the 13% export tax rebate for UCO, according to a report filed with the USDA.
Ash Creek Renewables, a portfolio company of Tailwater Capital LLC, on March 20 announced it has secured exclusive licensing rights from Montana State University for a new high-performance camelina seed variety.