STAT Communications Ag Market News

Soybean Seedings May Rise 3%

WASHINGTON - Mar 28/24 - SNS -- Soybean planted area for 2024 is estimated at 86.5 million acres, up 3% from last year, according to the USDA's seeding intentions report.

Compared with last year, planted acreage intentions are up or unchanged in 24 of the 29 estimating States.

Increases of 100,000 acres or more are anticipated in Arkansas, Illinois, Indiana, Iowa, Kentucky, Louisiana, Michigan, Minnesota, Missouri, North Dakota, Ohio, and South Dakota. A decrease of 180,000 acres is expected in Kansas.

If realized, the planted area in Kentucky and New York will be the largest on record.

Soybean Area Planted - States and United States: 2022-2024
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                    :                                 Area planted
        State       :-------------------------------------------------------------------------------
                    :       2022        :       2023        :      2024 1/      :    Percent of
                    :                   :                   :                   :   previous year
----------------------------------------------------------------------------------------------------
                    :      ----------------- 1,000 acres ----------------              percent
                    :
Alabama ............:         360                 350                 320                 91
Arkansas ...........:       3,180               2,980               3,100                104
Delaware ...........:         160                 150                 155                103
Georgia ............:         165                 160                 160                100
Illinois ...........:      10,800              10,350              10,500                101
Indiana ............:       5,850               5,500               5,750                105
Iowa ...............:      10,100               9,950              10,200                103
Kansas .............:       5,050               4,430               4,250                 96
Kentucky ...........:       1,950               1,830               1,950                107
Louisiana ..........:       1,260               1,030               1,150                112
                    :
Maryland ...........:         520                 470                 455                 97
Michigan ...........:       2,250               2,040               2,200                108
Minnesota ..........:       7,450               7,350               7,500                102
Mississippi ........:       2,310               2,180               2,250                103
Missouri ...........:       6,100               5,600               6,000                107
Nebraska ...........:       5,750               5,250               5,300                101
New Jersey .........:         110                 100                 110                110
New York ...........:         350                 350                 350                100
North Carolina .....:       1,700               1,640               1,650                101
North Dakota .......:       5,700               6,200               6,900                111
                    :
Ohio ...............:       5,100               4,750               5,000                105
Oklahoma ...........:         545                 460                 550                120
Pennsylvania .......:         600                 570                 580                102
South Carolina .....:         405                 395                 350                 89
South Dakota .......:       5,100               5,100               5,200                102
Tennessee ..........:       1,650               1,600               1,650                103
Texas ..............:         155                 125                 100                 80
Virginia ...........:         620                 580                 630                109
Wisconsin ..........:       2,160               2,110               2,200                104
                    :
United States ......:      87,450              83,600              86,510                103
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1/ Intended plantings in 2024 as indicated by reports from farmers.

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