Acreage Estimates Released at Ag Outlook Forum

The USDA forecasts a modest rise in 2025 planted acreage for corn, wheat, and soybeans, totaling 225 million acres, up less than one percent from last year. Corn is expected to see the largest gain at 94 million acres, while wheat acreage also increases. Soybean plantings are projected to decline due to global supply pressures. Farm prices for all three crops are expected to dip, with corn at $4.20 per bushel, soybeans at $10.00, and wheat at $5.50. Lower production costs may help offset weaker prices. Updated projections will be released in the May 12 WASDE report.