Farmers dial back corn plantings as COVID uncertainty rocks markets America United States

摘要

Corn planted area for all purposes in 2020 is estimated at 92.0 mln acres (1 acre = 0.405 ha), up 3% or 2.31 mln more than last year, said the US Department of Agriculture. However, this was nearly 5 mln fewer acres this spring than forecast by the USDA in March, the biggest cut in 37 years, as the coronavirus pandemic roils demand for the crop. Demand for corn-based ethanol fuel dropped sharply during the spring as drivers stayed at home during lockdowns, making corn less appealing to farmers.