Home > News > USDA Planted Acreage Revisions for Corn and Soybeans Remain Unpredictable

Sun rising behind soybean seedling in springThe 2021 USDA corn and soybean projection revisions arriving in the June Acreage report are difficult to predict at this time, according to a report released this week. The USDA March 31, 2021 Prospective Plantings report sent shockwaves through the grain markets due to lower-than-excepted corn and soybean planting estimations. These reports play an important role in both crops’ market outlook by giving insight into upcoming supply levels that will be available in relation to the market demand. The March report indicated that U.S. farmers intend to plant 87.6 million acres of soybeans and 91.444 million acres of corn despite steady global demand for both. See a more in-depth break down of the projections and possible revisions.

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