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Supply insights revealed in latest US crop forecasts | Queensland Country Life



American farmers are predicted to plant record crop areas of corn, sorghum and soybeans this year, but a strong Chinese appetite may keep a lid on global supplies.

In its first detailed forecasts for the upcoming 2021-22 grain season, the US Department of Agriculture (USDA) has projected US grain and oilseed supplies will remain tight and prices elevated.

The USDA released its initial assessment of the country’s new crop estimates at its annual Outlook Forum conference late last week.

Strong prices are expected to result in US farmers boosting the area they will plant to corn, sorghum and soybeans in spring.

This will lead to record-high US corn, sorghum, and soybean crops – based on trend yield assumptions – according to the USDA…

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