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A slight shift in U.S. corn acres expected

A market analyst says he’s expecting a slight shift in corn acres when USDA releases its annual acreage report at the end of the month.

Don Roose with U.S. Commodities says “as of right now, I would say corn acres, because we think there were a few acres switched, but I think they might be down one million. Soybean acres might be up one million. Part of that is an adjustment from the March report and the other part of it is based on how the crop went in.”

In March, USDA’s Prospective Plantings report had corn planting at 90 million acres, less than last year and soybean planting at 86.5 million acres, an increase from a year ago.

Roose says farmers tried to plant a crop when the weather allowed, but there will be some prevent plant.

“Usually, the big acres of prevent plant is in the Northern Plains and it looks like it might be lower than expected,” says Roose. “You may lose 100,000 to 200,000 acres of crop ground to prevent plant in the Eastern Corn Belt, but in Iowa or Illinois there will be minimal.”

Prevent plant acres won’t be confirmed by USDA until the fall.

USDA’s acreage report will be released June 30 at noon eastern/11 a.m. central.

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