Grain Express Special - USDA Report 6/30/22

Posted: June 21, 2022, 3:54 p.m.

USDA Report

The big surprise was soybean acres, market is responding accordingly


Planted Acres (millions of acres)

Corn: 89.9 VS estimates of 89.861

Soybeans: 88.3 VS estimates of 90.446

Wheat: 47.1 VS estimates of 47.017


US Grains Stocks as of June 1 (billion bushels)

Corn: 4.346 VS estimates of 4.345

Soybeans: .971 VS estimates of .954

Wheat: .660 VS estimates of .655

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