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NASS bumped up both corn and soybean planted acreage by 1.4 million acres each in Wednesday's Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports. Among the reasons for higher acreage estimates is NASS relied more on acreage data from the Farm Service Agency (FSA).
The U.S. cattle herd sits at historic lows while crop farmers face razor-thin margins, forcing tough decisions across agriculture. Knowing when to accelerate or slow down is critical.
USDA found an additional 1.4 million planted acres for both the corn and soybean crops to increase the corn crop slightly and boost the soybean crop to the largest in U.S. history.
