The USDA will resurvey 2019 corn and soybean acres. The updated information will be released in August. There’s hope new data will provide clarity. “The U.S. corn acreage estimate was a surprise to many. When you look deeper, the USDA gave out a percentage of acres remaining to be planted,” says DuWayne Bosse, market analyst, Bolt Marketing. “When I do the math as of this survey, there were still 15.3 million acres of corn to be planted. Everyone is talking about being seven to 10 million acres off, but that’s still a possibility. Time will tell. I’m taking Friday’s acreage report with a grain of salt.” Read USDA’s survey announcement.
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