USDA Ag Outlook Forum Acreage Figures
USDA this morning released its Agricultural Outlook Forum acreage, yield and production numbers. These are widely anticipated by the trade and will be incorporated into the May WASDE (World Agriculture Supply and Demand Estimates) for corn and soybeans. The May WASDE includes the first official set of supply and demand tables for the new crop year.
USDA expects a slight decline in total acreage across wheat, corn, and soybean to 224 million (down ~1%). This number assumes a normal level of prevent plant acres and a modest expansion in the Conservation Reserve Program. The Season-average farm prices received by producers for corn, soybeans, and wheat are all forecast to rise slightly for the 2026/27 marketing year.
- WHEAT – 45 mln ac, 50.8 bpa, 1.86 bln bu prod, $5.00
- CORN – 94 mln ac, 183.0 bpa, 15.76 bln bu prod, $4.20
- SOYBEAN – 85 mln ac, 53.0 bpa, 4.45 bln bu prod, $10.30
-see the full 2026 USDA projections here.
Later today these numbers will be discussed during the WILLAg.org Closing Market Report and our Commodity Week programs. The following players will update automatically once those programs are released (2 p.m. for CMR and after 6 p.m. for CW). Watch for the dates to change to February 19.
We will also take these numbers up, along with the end of March Prospective Plantings report during the annual All Day Ag Outlook Conference. It is hands-down the best value for your money given the $40 per ticket price tag and the stellar line up.
ALL DAY AG OUTLOOK CONFERENCE
WILLAg.org, farmdoc, Illinois Extension
Tuesday, March 3, 2026
Beef House Restaurant
Covington, Indiana
Attendees will join WILLAg analysts and the farmdoc team for a full day covering agricultural basics, including markets, weather, trade, competition, land values, and crop insurance decisions.
Program Highlights:
- -Weather Outlook: Eric Snodgrass, Nutrien Ag Solutions
- -Grain Market Fundamentals: Joe Janzen, University of Illinois
- -The South American Competition: Joana Colussi, University of Illinois
- -Farmland Outlook: Center for Farmland Research, University of Illinois
- -Production & Budgeting: Sessions on trimming crop budgets with Nick Paulson and crop insurance decisions with Gary Schnitkey
- -Expert Panels: The WILLAg Soybean Panel featuring Ellen Dearden, Greg Johnson, and Chip Nellinger, and the Corn Panel with Curt Kimmel, Matt Bennett, Brian Stark, and Mike Zuzolo
Doors open at 7:30 a.m. central (8:30 a.m. eastern). The event includes morning coffee and Beef House cinnamon rolls, as well as a Beef House lunch. The program is expected to conclude at approximately 2:30 p.m. central (3:30 p.m. eastern).
Registration Information: Registration is $40 per person if purchased by February 27, and $60 thereafter. Media and Extension personnel may register for free. Purchases are non-refundable.