Ahead of Monday’s July WASDE, the industry is expecting 2021/22 U.S. corn production up by over 117.5 million bushels from the previous forecast as higher acreage more than offsets a slight drop in yield. The industry also expects USDA to lower its 2020/21 corn [...]
Looking ahead to 2019/20 corn, the consensus is U.S. acreage will increase, but the extent of the increase is a hot topic right now. A recent survey of growers conducted by Farm Futures puts new-crop corn acreage at 90.3 million acres, up just over [...]
USDA’s Office of the Chief Economist forecasts a sizable drop in soybean acreage. According to the agency, 2019/20 soybean planted acreage may drop 8 percent to 82.5 million acres from 89.1 million acres this year. Corn planted area, on the other hand, is expected [...]
