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USDA's June Acreage Report shows U.S. corn planted area up 5 percent from 2024 while cotton fell about 10 percent. Sorghum and wheat acreage were little changed year on year.
Higher corn acreage adds to expected supply and tends to pressure corn prices, while the report's figures feed into the WASDE balance sheets that markets trade on.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.