2024 US corn acres predicted to fall, soybeans increase

United States farmers are predicted to plant 90 million acres of corn and 86.5 million acres of soybeans this year, according to the United States Department of Agriculture’s Prospective Plantings report released Thursday. 

The corn planted acreage of 90 million is “down 5% or 4.61 million acres from last year,” the USDA said in its report. “Compared with last year, planted acreage is expected to be down or unchanged in 38 of the 48 estimating states.” For soybeans, the planted area of 86.5 million acres is “up 3% from last year,” the USDA said. “Compared with last year, planted acreage is up or unchanged in 24 of the 29 estimating states.”

U.S. corn and soybean planted acres since 2004.

U.S. farmers are also predicted to plant 47.5 million acres of wheat in 2024, according to the USDA’s report, which is “down 4% from 2023.” That 47.5 million acre estimate includes 34.1 million acres of winter wheat, 11.3 million acres of spring wheat and 2.03 million acres of durum wheat.

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