Trade4go Summary
The USDA's Prospective Plantings report reveals that US farmers are expected to plant 95.3 million acres of corn and 83.5 million acres of soybeans for 2025, with corn acreage being moderately bearish and soybean acreage moderately bullish. The report also indicates a decrease in wheat acreage to the second-lowest since 1919, with a reduction in winter and spring wheat planting intentions. This report, alongside an increase in corn acreage, is expected to influence future grain market dynamics.
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Original content
USDA, in its Prospective Plantings report on Monday, projected farmers will plant 95.3 million acres of corn, within the range of pre-report recommendations but above the average guess of 94.2 million. Soybean acreage was forecast at 83.5 million. Monday’s USDA acreage estimates were moderately bearish for corn, moderately bullish for soybeans and bullish for wheat, said DTN Lead Analyst Rhett Montgomery. Perhaps the biggest surprise of the March report was the wheat acres. All wheat planted area for 2025 is estimated at 45.4 ma, down 2% from 2024 and below average pre-report estimates. If realized, this represents the second-lowest all-wheat planted area since 1919. USDA estimates 2025 winter wheat planted area at 33.3 ma, down 2% from the previous estimate and down less than 1% from last year. Of this total, about 23.6 ma are hard red winter, 6.09 ma are soft red winter, and 3.66 ma are white winter. Area expected to be planted to other spring wheat for 2025 is estimated at ...