2021 corn & soybean acreage below expectations

In USDA’s March acreage report, lower-than-expected acreage surprised markets. U.S. corn planting intentions were slated at a five-year high of 91.1 million acres, up 325,0000 acres YOY but notably below the industry estimate. For soybeans, producers intend to plant a three-year high of 87.6 [...]

USDA estimates corn acreage up, soybean down

The USDA Acreage report surprisingly estimates planted corn acreage at 91.7 million acres, a few million acres above pre-report estimates and slightly higher than the June WASDE forecast. On the other hand, soybean planted acreage is estimated at an even 80 million acres, a [...]