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

Nov 16,2022

CROPLAN AA varieties show stronger roots, healthier plants, higher yield, and increased stand persistence potential over the life of a stand.

Nov 07,2022
I hope you get the chance to get outside in November. By the time I write the next newsletter, we could see below zero temperatures. Or it could be 70 degrees outside. You just never know. You gotta love Wisconsin. If you don’t like the weather, wait a day.
Nov 07,2022
Temperature fluctuations during winter tend to present challenges for calf raisers across the Midwest and many farms will see an uptick in respiratory issues. More calves are being raised in barns or other housing with greater protection from the elements and these structures rely on natural ventilation to provide clean, fresh air to the calves. This works well in the summertime; however, as doors, windows and curtains are closed in the winter, providing sufficient air exchanges to keep calves healthy can be challenging.