The National Bureau of Agricultural Statistics (NASS) of the U.S. Department of Agriculture announced this week that it may adjust the planting area of U.S. corn and soybean this month. This means that the planting area and harvest area in the USDA's upcoming September production report may be revised accordingly.
This practice of NASS is rare. As NASS said in a press release, the review of sown planting area is usually carried out in October. The September report usually focuses on changes in the area planted or harvested by Southern crops such as cotton, peanuts and rice.
NASS said that the planting or harvest area of corn, soybean, cotton, peanut, rice, sorghum and sugar beet may be adjusted this month. Generally speaking, such a wide range of adjustments are usually made in the October report.
NASS said it would review all available data, including survey data, satellite data and the latest information on the planting and harvest area of corn, soybean, cotton, peanut, rice, sorghum and sugar beet provided by the farm service (FSA) and Risk Management Agency (RMS) of the U.S. Department of agriculture, in preparation for the crop yield report in September. If the data review proves that any change is reasonable, NASS will release the updated planting and harvesting area data in the report on September 10.
Traders and analysts pointed out that from the planting area of the U.S. farm service, there is at least reason to reduce the cotton planting area, but the data of other crops may also be adjusted.
The editor of American professional farmer company said that NASS usually didn't include the planting area data certified by FSA into its estimated data of corn and soybean until October, but it did so in September this year, which means that there are some things in the initial data released by FSA in August that can prove the rationality of early review. Our analysis of the initial FSA data shows that the corn planting area may increase by about 1 million acres.
Alan sudman, chief analyst of stonex, said that the USDA has obviously seen the updated FSA planting area, but the public has not. The USDA may have seen something the public doesn't know yet. She added that she was in harmony. The August data released by the FSA showed that the corn planting area increased slightly and the soybean planting area decreased slightly, less than 1 million acres. "
Agritalk analyst chip Flory said the NASS notice was unusual, which may indicate that the corn planting area increased by nearly 1 million acres compared with the planting area report in June.
Will USDA update the soybean and corn area in September? Lance Honig, head of the NASS crop division of the U.S. Department of agriculture, replied that it is only this year. USDA will assess whether changes will also be made.
The planting area report released by the U.S. Department of agriculture on June 30 shows that the planting area of corn and soybean in the United States is 92.7 million acres and 87.6 million acres, both lower than industry expectations.
Source: China Agricultural Information Network