Who’s planting? Who’s not? Who wants to know?
Today, the U.S. Department of Agriculture is scheduled to shed light on a mystery. How many acres of key crops, like corn and soybeans, were planted this year in the U.S.? And how many were not?
Normally, the USDA would have a decent idea of this by now. But devastating flooding, torrential rain, late blizzards and generally terrible weather this spring meant farmers were significantly delayed in their ability to plant. That delay interfered with the ability of the USDA to get an accurate estimate of planting.
The department had to redo its surveys, and those numbers are due to come out today. The acreage of soybeans and corn being planted is critical to estimating prices down the road; the entire agricultural supply chain for key crops — from farmers to shippers to ethanol producers — will be looking for clues to those prices in this report.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
