August 12th was supposed to be a huge day for commodity markets as USDA released its latest supply and demand report and first report of FSA certified acres was to be released. The S/D report was released but the FSA figures are delayed. Excessive rainfall delayed planting at the time of data collection for the USDA June planted acreage report in Minnesota, North Dakota, and South Dakota. In July, USDA contacted respondents in these states who reported acreage as not yet planted to verify planted acreage for several crops including sunflower. USDA made adjustments to some crops but left planted and harvested area estimates for oil and non-oil sunflower unchanged from the June report figures. In the August supply and demand report, USDA pegged soybean production at a record high 4.53 billion bushels, up 2 percent from 2021. Based on conditions as of August 1, yields are expected to average a record high 51.9 bushels per harvested acre. Total planted area, at 88.0 million acres, is up 1 percent from the previous year. Area harvested for beans in the United States is forecast at 87.2 million acres, up 1 percent from 2021. USDA will provide their initial yield and production estimates for the 2022 oil-type and confection sunflower crop in October.
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