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.…






