USDA Reports

Corn Planted Acreage Up Less than 1 Percent from 2020 Soybean Acreage Up 5 Percent All Wheat Acreage Up 5 Percent All Cotton Acreage Down Less than 1 Percent

Corn Stocks Down 3 Percent from March 2020 Soybean Stocks Down 31 Percent All Wheat Stocks Down 7 Percent

WASDE for February raised exports and lowered ending stocks for both corn and soybeans.

January’s Crop Production and Stocks reports from USDA raised a number of questions about big shifts in production projections. NASS Crops Chief Lance Honig addressed those questions on AgriTalk.

USDA’s June Grain Stocks report shows 2.12 billion bushels of corn are currently being stored on farm, up 22% from a year ago. On-farm soybean storage is up 51%.

The Delta farmer’s ardor for corn has cooled in the face of lower prices and high input costs. Soybeans, cotton and rice acres should gain as a result.