top of page

Farmers Are Holding On to 36% More Corn Compared to a Year Ago? What You Need to Know About USDA's Surprising Changes in 10 Charts

  • Writer: ZISK
    ZISK
  • Jul 2, 2024
  • 1 min read

USDA's June Acreage report released Friday sent chills through the corn market. With planted acres for corn above pre-trade estimates at 91.5 million acres, the combination of more acres and growing stocks sent corn prices tumbling.Here's a quick recap of what USDA had to say in Friday's June Acreage and Grain Stocks reports:

  • 2024 corn planted acreage at 91.5 million, which is down 3 percent from 2023, but above the 90 million acres in the March Prospective Plantings report.

  • Soybean acreage was pegged at 86.1 million acres, up 3 percent from last, but down from the 86.5 million in March.

  • HAll wheat is estimated at 47.2 million acres, slightly lower than the 47.5 in March, but down 5 percent from 2023.


July 1, 2024

Comments

bottom of page