For Your Consideration

In 1970 we planted 49 million wheat acres, 67 million corn acres and 43 million beans acres.........

In 1980 we planted 81 million wheat acres, 84 million corn acres and 70 million bean acres..........

In1990 we planted 77 million wheat acres, 74 million corn acres and 58 million bean acres...........

In 2000 we planted 62 million wheat acres, 80 million corn acres and 74 million bean acres..........

In 2017 we planted 46 million wheat acres, 90 million corn acres and 90 million bean acres.....

In 1970 wheat yielded 31.0 bu/acre, corn 72.4 bu/acre and beans 26.7 bu/acre

In 1980 wheat yielded 33.5 bu/acre, corn 91.0 bu/acre and beans 26.5 bu/acre

In 1990 wheat yielded 39.5 bu/acre, corn 118.5 bu/acre and beans 34.1 bu/acre

In 2000 wheat yielded 42.0 bu/acre, corn 136.9 bu/acre and beans 38.1bu/acre

In 2017 wheat yielded 46.3 bu/acre, corn 176.6 bu/acre and beans 49.1 bu/acre

Our record planted acres: All wheat; 88 million acres in 1981, corn; 113 million acres in 1932 and beans 90 million acres in 2107.

Just trying to keep things in perspective as the US producer can and does respond to market conditions and prices and will respond to the call to arms to feed the world as shown by the acreage/yield/production increases from 1970 to 1980 and will fall back as shown from 1980 to 1990.........Just something to think about when looking at the markets in the 2019/2020 marketing years.......very attractive prices!

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Steve Bruce


Walsh Trading
312 985 0156
888 391 7894 toll free
312 256 0109 fax
sbruce@walshtrading.com
www.walshtrading.com


Walsh Trading
53 W Jackson Suite 750
Chicago, Il 60604



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