USDA estimated the soybean plantings at 83.5 million acres. That’s far below the average trade guess of 87.6 million. Corn acreage is at 94.1 million, above the pre-report trade estimate of 91.8 million. This year’s corn crop represents the third largest planted acreage in the United States since 1944. The all-wheat category is in line with the average trade guess at 49.6 million acres. Spring wheat acreage totals 10.5 million.
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