USDA lowers soybean/corn acreage estimates, wheat up from March

Glacier FarmMedia — Farmers in the United States planted slightly less soybeans and corn than earlier intentions in 2025, according to updated acreage data from the U.S. Department of Agriculture released June 30.

U.S. soybean plantings were estimated at 83.380 million acres by the agency, which was slightly below average trade guesses and below the March estimate of 83.495 million acres. U.S. farmers planted 87.050 million acres of soybeans in 2024.

Corn area was also down slightly from March, at 95.203 million acres. However, that would still be up by about five per cent from 2024.

Wheat area, at 45.478 million acres, was up from the March estimate but still the smallest wheat area in 55 years. Of the total, winter wheat came in at 33.325 million acres, spring wheat at 10.045 million and durum at 2.108 million acres.

Stocks

Quarterly stocks data was also released Monday. U.S. wheat and soybean stocks as of June 1 were up on the year, while corn supplies were tighter.

Soybean stocks came in at 1.008 billion bushels, which topped average trade guesses and was up by 38 million bushels from the same time a year ago. The stocks data sparked a bearish reaction in the Chicago futures.

Quarterly U.S. wheat stocks, at 851 million bushels, compares with 696 million bushels the previous year.

Corn stocks as of June 1, at 4.644 billion bushels, were down by 353 million bushels on the year and in line with pre-report expectations.

1 acre = 0.405 hectares