U.S. farmers expect to plant more soybeans and less corn acreage, according to the 2022 Prospective Plantings report released today by USDA’s National Agricultural Statistics Service (NASS).

Producers surveyed say they intend to plant a record high 91.0 million acres of soybeans in 2022, up 4% from last year, at the same time decreasing corn acres by 4% to 89.5 million acres.

Planted acreage intentions for soybeans are up or unchanged in 24 of the 29 estimating states. The largest increases are expected in Illinois and Missouri, where producers in each state intend to plant 400,000 more acres than in 2021. If realized, the planted area of soybeans in Illinois, Kentucky, Michigan, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin will be the largest on record.

Corn acreage decreases from last year of 200,000 or more are expected in Illinois, Indiana, Iowa, Kansas, Minnesota, Nebraska, North Dakota, and Wisconsin. Record high corn acreage is expected in Nevada and South Dakota with record low acres expected in Connecticut, Massachusetts, and Rhode Island.

For wheat, all wheat planted area for 2022 is estimated at 47.4 million acres, up 1% from 2021. Winter wheat planted area, at 34.2 million acres, is down less than 1% from the previous estimate but up 2% from last year. Area planted to other spring wheat for 2022 is expected to total 11.2 million acres, down 2% from 2021. Durum wheat is expected to total 1.92 million acres for 2022, up 17% from last year.

All cotton planted area for 2022 is expected to total 12.2 million acres, 9% above last year.

Brian Hoops with Midwest Market Solutions provided commentary on the report for MGEX.
Brian Hoops, Midwest Market Solutions (5:32)