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June 30 USDA Report Recap

  • USDA estimated U.S. 2020 corn acres near 92.0 million versus 95.2 expected, 97.0 est in March and 89.7 last year
  • USDA estimated U.S. 2020 soybean acres near 83.8 million versus 84.7 expected, 83.5 est in March and 76.1 last year
  • USDA estimated U.S. 2020 all wheat acres near 44.3 million versus 44.7 expected, 44.6 est in March and 45.1 last year
  • USDA estimated U.S. 2020 cotton acres near 12.2 million versus 13.1 expected, 13.7 est in March and 13.7 last year
  • USDA estimated U.S. June 1 corn stocks at 5,223 mil bu versus 4,951 expected and 5,202 last year
  • USDA estimated U.S. June 1 soybean stocks at 1,386 mil bu versus 1,392 expected and 1.783 last year
  • USDA estimated U.S. June 1 wheat stocks at 1,044 mil bu versus 980 expected and 1.080 last year

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