Latest numbers on Soy and Corn
Planted acreage numbers on both crops were about a million acres below trade expectations.
Lance Honig of the USDA gave an overview of the acreage numbers for soybeans.
Honig: “Soybeans, 87.6 million acres planted, down just a tenth of a percent. Just 45 thousand acres below the March intentions. It is still up 5.4% or 4.5 million acres from last year's planted area. We’re a little bit lower than folks were expecting. Everybody was expecting a little bit of an increase in those soybean acres from March.
Regarding corn, the market expected 93.7 million acres; the report shows 92.7 million acres planted. Still, that was 1.5 million acres more than the March Planting Intentions Report showed. It was also the largest acreage planted since 2016.
Here are the findings for the Southern Region released in the Acreage Report.
Alabama: Corn planted for all purposes is estimated at 350,000 acres, up 6 percent from 2020. Soybean planted area is estimated at 320,000 acres, up 14 percent from last year.
Florida: Corn planted for all purposes is estimated at 100,000 acres, unchanged from 2020.
Georgia: Corn planted for all purposes is estimated at 460,000 acres, up 10 percent from 2020. Soybean planted area is estimated at 130,000 acres, up 30 percent from last year.