Tidbits, Acreage Expectations, Soybean Basis, Crude Oil & Biofuel, Farm Aid, Broilers & Ethanol 6/25/26
- Wright team
- 3 hours ago
- 5 min read
Tidbits
Acres: Matt Bennet of Agmarket.net expects actual planted corn acres to be less than the March Intentions due to high fertilizer prices, supply challenges, and excessive moisture across regions of the United States. However, the firm says rallying corn prices during the spring kept the reduction from being more significant.
Bennett says any acres lost in corn most likely shifted directly to soybeans. The firm believes combined corn and soybean acres are at 180.2 million due to low prevented planting. Bennett says:
“We feel as if soybean acres are liable to increase, especially as soybeans are a lower cost crop. The bean market rallied substantially [during the spring] as well. We saw a high of $12.14 for November soybeans. That’s some of the best prices for beans we’ve seen in the last couple of years.”
AgMarket.Net does not anticipate significant adjustments in wheat acres from USDA’s Planting Intentions report, though the firm acknowledges acres are down from a year ago. Without a sustained price rally, the firm believes U.S. wheat acres could continue to decline.
These estimates were established by consulting with customers across the country on their planting rotation, prevent plant acres and conditions. The firm also leaned on contacts in the chemical, seed and commercial industry to gather insights on product availability, seeding trends and planting progress.
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