USDA Shocks the Market By Estimating Farmers Will Plant 94 Million Acres of Corn
- ZISK
- Feb 28
- 1 min read
USDA’s Ag Outlook Forum kicked off on Thursday. Leading up to the event, market analysts and traders were focused on corn acres.
USDA’s first acreage estimate showed farmers could plant more corn acres this year, but fewer soybean and cotton acres.
Corn: 94 million acres, up 3.4 million acres from 2024
Soybeans: 84 million acres, down 3.1 million from last year
Sorghum: 6 million acres, down 300,000 from 2024
Wheat: 47 million, up 900,000 from last year
Cotton: 10 million acres, down 1.18 million from 2024
While acreage estimates didn’t really surprise some market analysts, it seemed to catch traders by surprise, as corn prices fell double digits while digesting the news.
By Tyne Morgan
February 27, 2025
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