ACREAGE SURVEY RESULTS

Corn: planting intentions of 93.472 million acres would be -1.2 million from 2023. Using 91.26%harvested and 181.9 trend yields production of 15.515 billion would be realized. This would be 173 million bushels over 2023. This would be a record production. Total supply, composed of production/beginning stocks/imports, would push to anew record as well, 17.711 billion bushels. That would be a full 985 million over last year.

Soybean: planting intentions are seen at 85.832 million acres, +2.2 million from last year. This would be the fifth highest planting ever. Using 98.72% harvested and 51.4 trend yields production of 4.358 billion bushels would be realized. This would be 193million over last year. Total supply, composed of production/beginning stocks/imports, would total 4.712 billion. That would be 253 million over last year.

Wheat: acreage is estimated at 47.622 million acres, -2.0 million from last year. Using 80.00% harvested and 49.5 trend yields production of 1.866 billion would be realized. This would be 74 million over last year. Total supply, composed of production/beginning stocks/imports, would total 2.689 billion. That would be 162 million over last year.

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