US farmers ended up planting considerably more corn this spring than last year, and fewer soybeans.
The USDA’s acreage report Monday pegged 2025 nationwide corn acres at 95.203 million. That is up 5.1% or about 4.75 million from the previous year. March intentions were slightly higher at 95.326 and the average pre-report trade guess of 90.35 million. This represents the third highest planted acreage in the United States since 1944.
On the other hand, national soybean planted area was estimated at 83.38 million, down 4.2% on the year and a slight drop from the March intentions of 83.495 million and below the average trade guess of 83.66 million.
Corn, soybean, and wheat futures were trading slightly lower following the report’s release.