Corn Supply Drops in USDA Acreage Report

USDA Lowers Corn Production while Soy and Wheat Stocks Rise

USDA’s June Acreage and Grain Stocks reports released on June 30 revealed significant changes to the 2025 crop outlook. Corn planted acres were reported at 95.2 million—down slightly from earlier projections and trade estimates.

However, harvested corn acres dropped more significantly, falling to 87.4 million, which brought the harvested rate down to 91.1%.

This update cuts corn production by 114 million bushels. Ending stocks drop as a result, reducing the days of use on hand from 41.3 to 38.6.

Grain stocks for corn as of June 1 totaled 4.64 billion bushels, with a record disappearance of 7.432 billion bushels between December and June.

Soybean planting was slightly lower than expected at 83.4 million acres, with harvested acres down to 82.5 million. Wheat acres planted rose to 45.5 million, but harvested acres were cut by 600,000 to 36.6 million.

While production estimates for corn and wheat are now expected to decrease, grain stocks data showed a different trend. Corn carryover declined, while soybeans and wheat had higher than expected stocks.

“Adding old crop ending stock adjustments to new crop production estimates, it looks like the new crop supply numbers got a little tighter for corn and wheat, and a small increase for soybeans.”

These changes suggest that while old crop corn stocks may provide limited cushion, soybean and wheat markets may see less immediate pressure. USDA’s upcoming reports will likely adjust balance sheets to reflect the updated figures.

This shift highlights the importance of mid-year acreage reports in shaping commodity markets and future supply planning.