News
USDA: corn acres down, soybeans up in 2024
The USDA expects farmers to plant fewer acres of corn and more acres of soybeans in 2024.
Corn planted area is projected at 90.036 million acres, at the low end of pre-report guesses and 5% less than 2023, with acreage steady to lower in 38 of the 48 states used in the estimation.
That includes potentially the lowest expected planted area in Iowa since 2006 and the highest for Minnesota since 1958.
Soybean planted area is seen at 86.51 million acres, higher than the average estimate and 3% above a year ago, with acreage steady to higher in 24 of the 29 states used for the calculation.
If realized, soybean planted area for Kentucky would be record large.
The numbers are highly subjective and weather will be a big influence.
The USDA’s weekly crop progress and condition reports resume Monday, April 1st at 4 Eastern/3 Central.
