For the increase in the sowing areas of soybeans and corn in the United States soon will increase the pressure on quotes

analysts at USDA agricultural forum, which will be held on February 18-19, will publish its first forecast of areas of sowing of soybean, wheat and corn in the season 2021/22. It is expected that due to a sharp rise in prices and demand from China acreage of soybeans and corn will increase significantly.

on the Eve of the publication of the official forecast authoritative analytical Agency voiced his own assessment. According to a Reuters poll, it is expected that in 2021 acreage of corn will increase in comparison with the previous season, 2.3% to 92,9 million acres of soybeans is up 7.6% to 89.4 million acres of wheat – 2.7% to 45.5 million acres. In previous forecasts acreage of corn was estimated at 94 million acres and soybeans – in 86 million acres, but the increasing shortage of soybeans and reducing its stockpile in the U.S. will force farmers to actively increase the area under soybean than for corn.

the Total area of planting of soybeans and corn in the United States could reach 182 million acres that will exceed the record set in 2017, when they sowed 180.3 million acres.

According to preliminary estimates, USDA,  corn sowing areas will grow to 92 million acres and soybeans to 90 million acres фтв subject to favorable weather conditions soy production in the country may reach a record 4.5 billion bushels or 122.5 mln tonnes, and corn – exceed 15 billion bushels or 381 million tonnes, which is slightly inferior to the record 2016

Farmers continue to reduce the acreage of wheat, cotton and other crops in favor of soybeans and corn, as I hope to the high profitability of their cultivation in the background of a significant export prices and low inventories in the United States.

it is Expected that the acreage of winter wheat will increase in comparison with the previous season, on 5% and for the first time since 2013/14 marketing year will amount to 32 million acres, while the area of sowing of spring and durum wheat will decrease.

the USDA Experts predict that in the short and medium term, prices for soybeans, wheat and corn will remain high due to low inventory and strong export demand, especially from China. However, today the price may react to the gap between analysts and the USDA.