Prospective Planting Report

Jun 30, 2021


USDA

6/30/2021 Report

The USDA released the Prospective Plantings report today and put planted corn acres at 92.7 million and soybeans at 87.6 million acres. This came in below estimates and is very supportive to the corn and soybean markets.  

Grain Stocks as of June 1st were also released, with corn estimated at 4.11 billion bushels and soybeans at 766 million bushels. Soybean stocks were below trade estimates and corn was also slightly below estimates. These stocks figures are supportive to prices as well.  

Please feel free to contact Jory today at 608-308-4889 with any questions regarding today's Prospective Plantings report and how it may effect the markets.
 

Jory Bossuyt

Grain Lead & Merchandising
 

Latest Posts

May 02, 2024
In today’s world of lower commodity prices and tighter ROI for profits, growers are sharpening their strategies for crop inputs. Herbicides are an area that continues to receive scrutiny. So why should residual herbicides remain at current rates or even be increased in the future?
May 02, 2024
If you are among the 11 members of my audience (including my mom) who read my newsletter last month, you’ll recall that I was being a little braggy about getting caught in a snowstorm in the St. Paul area. Then we got hit with a snowstorm here a few days later. I guess I’m not as special as my mom thinks I am. 
May 02, 2024

Despite the possibility of a few more nights of sub-freezing temperatures in the last week of April, our agronomy locations are not slowing down as they enter their busiest season. Our agronomy division and producer members are working hard to plant this year’s crop, with long days and short nights being the norm. It’s important to be extra cautious during the next couple of months. Farm machinery will be frequently entering and exiting fields and wide loads will be encountered on the road. Whether you’re driving to work or moving to the next field in your tractor, always be aware of your surroundings and never assume that others can see you. Take it slow and be safe.