Acreage

Today’s Acreage report was based primarily on surveys conducted during the first 2 weeks of June. The survey samples covered approximately 67,700 farm operators. The report included this special note in the commentary:

Corn planted area is estimated at 95.2 million acres. This is 5 percent higher than a year ago, a slight reduction from March’s estimate, but nearly identical to the average pre-report estimate of 95.242 million acres (93.8 to 96.0 million range). Compared to a year ago, planted acreage is expected to be higher or unchanged in 41 of the 48 estimating states.

Soybean planted area for 2025 is estimated at 83.4 million acres. This is 4 percent below a year ago and slightly below the average pre-report estimate of 83.648 million acres (83.0 to 85.0 million range). Compared to a year ago, soybean planted acreage is expected to be lower or unchanged in 25 of the 29 estimating states. The largest decreases in soybean planted acres compared to the March estimate occurred in Indiana, Ohio, and Mississippi.

All wheat planted area is estimated at 45.5 million acres. This is 1 percent below a year ago but nearly identical to the average pre-report estimate of 45.410 million acres. Winter wheat area, pegged at 33.3 million acres, is down less than 1 percent from a year ago and higher from the previous estimate.

Grain Stocks

Today’s Grain Stocks report was based on surveys conducted during the first 2 weeks of June. Separate surveys were conducted to obtain the on-farm and off-farm estimates. The on-farm survey was based on a sample of approximately 67,700 farm operators. The off-farm survey was based on a same of 7,900 grain storage facilities.

Corn stocks in all positions on June 1 totaled 4.64 billion bushels. This was down 7 percent from a year ago but nearly identical to the average pre-report estimate of 4.648 billion bushels (4.459 to 4.955 billion range). On-farm stocks were down 16 percent from a year ago while off-farm stocks were up 6 percent from a year ago. The March-May indicated disappearance of 3.50 billion bushels was up 4 percent from the same period a year ago.

Soybean stocks in all positions on June 1 totaled 1.01 billion bushels. This was 4 percent higher than a year ago and above the average pre-report estimate of 971 million bushels (936 to 1,020 million range). On-farm stocks were down 12 percent from a year ago while off-farm stocks were up 18 percent from a year ago. The March-May indicated disappearance of 903 million bushels was 3 percent higher than the same period last year.

Wheat stocks in all positions on June 1 totaled 851 million bushels. This was 22 percent higher than a year ago, above the average pre-report estimate of 835 million bushels, and near the upper end of the range of analysts’ estimates (805 to 852 million range). On-farm stocks were up 32 percent from last year while off-farm stocks were up 20 percent from a year ago. The March-May indicated disappearance of 368 million bushels was down 2 percent from the same period a year earlier.