Marketplace Logo Donate

Daily business news and economic stories from Marketplace

Who’s planting? Who’s not? Who wants to know?

A farmer walks through his soy fields in 2018, in Harvard, Illinois. Nova Safo/AFP/Getty Images)

Subscribe to our Newsletters

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.

What's Next

Latest Episodes From Our Shows

Listen
7:36 AM PDT
7:26
Listen
2:29 AM PDT
6:08
Listen
1:36 PM PDT
1:50
Listen
Aug 15, 2022
19:12
Listen
Aug 15, 2022
28:07
Listen
Jul 7, 2022
30:13
Listen
Aug 9, 2022
24:46
Exit mobile version