The USDA Acreage and Quarterly Grain Stocks report, released June 30, revealed that corn acres planted exceeded March projections, with soybean acres falling below the projected amount. This comes on the heels of a difficult planting season that caused significant delays across the country.
>> Corn accounted for 89.921 million acres planted, roughly 500,000 above March projections, 4% below 2021
>> Soybeans accounted for 88.325 million acres planted, 2.6 million below March projections, 1% above 2021.
Changes to the acreage numbers are expected when the USDA releases its next set of production estimates on July 12th. Read more from the June acreage report.
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