USDA Acreage Report: Corn production reduced less in the US

Published 2024년 7월 7일

Tridge summary

The USDA's Acreage Report released in late June reveals changes in crop cultivation areas compared to 2023. The soy area experienced an expansion of 3.0% to 34.84 million hectares, slightly below the anticipated 3.5% increase, while corn cultivation saw a reduction of 3.3% to 37.02 million hectares, less than the projected 4.9% decrease. Wheat cultivation adjusted down by 4.7% to 19.1 million hectares, slightly surpassing the end of March's forecast, with expectations for a 4.1% larger harvest area than the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This is confirmed by the "Acreage Report" published by the US Department of Agriculture (USDA) at the end of June. However, the changes in corn and soy were not quite as great as had been predicted in the context of the "Prospective Plantings". According to the USDA's current estimate, the soy area in the United States was expanded by 3.0% to 34.84 million hectares compared to 2023. At the end of March, 35.01 million hectares had been assumed, which would have meant an increase of 3.5%. At the same time, farmers reduced corn cultivation less significantly than they had planned weeks before sowing. According to current figures, the corn area was reduced by 3.3% to 37.02 million hectares. At the end of March, however, a decrease in area of 4.9% was forecast. There was also an adjustment for the wheat area. According to the "Acreage ...

Source: Proplanta