Earlier today, USDA released two of the biggest reports of the year.
We want to take a quick peek at the planting predictions:
For corn, the prediction is 91.1 million acres. That is about a million less than predicted at this year’s Ag Outlook Forum.
For soybeans, the prediction is 87.6 million acres. Well below the 90 million predicted earlier.
- Wheat is at 46.4 million acres, above the 45 million predicted.
Related:
USDA’s Prospective Planting and Quarterly Grain Stocks reports are out