S&P Global sees U.S. 2023 corn seedings at 90.5 mln acres, document shows
S&P Global Commodity Insights, formerly known as IHS Markit Agribusiness, projected that U.S. farmers would plant 90.504 million acres of corn in 2023, up 2.2% from the previous year, according to portions of a Jan. 23 S&P client note seen by Reuters.
S&P Global forecast 2023 U.S. soybean plantings at 88.0 million acres, up 0.6% from the 87.450 million acres seeded in 2022.
All-wheat plantings for 2023 were seen at 49.837 million acres, up from the 45.738 million acres planted for 2022.
The firm’s all-wheat total included 36.950 million acres of winter wheat, matching the U.S. Department of Agriculture’s Jan. 12 seedings estimate, which was up 11.1% from the prior year.
S&P projected 2023 seedings of spring wheat (excluding durum) at 11.200 million acres, up 3.4% from the 10.835 million acres seeded in 2022.
Durum wheat plantings were seen at 1.687 million acres, up from the 1.632 million acres planted in 2022.
Sorghum plantings for 2023 were projected at 6.570 million acres, up 3.9% from the 6.325 million planted in 2022.
S&P projected 2023 all-cotton plantings at 10.892 million acres, down from the 13.763 million total cotton acres that U.S. farmers planted in 2022.
Source: Reuters (Reporting by Julie Ingwersen)