Tidbits, USDA August S&D, CPI, Canola & Wheat 8/13/25
- Wright team
- Aug 13
- 4 min read
S&D Report Comment
The biggest surprise on yesterday’s USDA S&D was the 2.1 million increase in corn planted acres and the decrease of 2.5 million acres of soybeans. The adjustment was made primarily as a result of the FSA certified acreage totals being available. This is the third consecutive year the FSA had the certified acreage paperwork completed before the August S&D. Always before, the certified acreage numbers were not available until September.
There is probably not going to be any news more bearish for corn than yesterday’s S&D in your lifetime and your children’s lifetime. After all, the largest corn planted acres since 1936 and USDA posts a record corn yield 9.1 bushels larger than the previous record in 2024 crop.
The yield data was from farmer surveys and satellite vegetation imaging, which does not reflect pollination and disease problems, which there are most certainly some of both. Maybe very serious problems. We recommend you study the attached S&D in our easy-to-read version. On the positive side, the USDA did increase corn demand substantially to consume more than half of the additional bushels found this month. Worldwide corn demand is already a monster. The USDA has the U.S. consuming almost 16 billion bushels of corn the marketing year beginning 1 September. Heck, we have never grown a 16 billion bushel corn crop before!
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