
USDA's Prospective Plantings report estimates US farmers will plant 95.3 million acres of corn in 2025, up 5% from 2024, and 83.5 million acres of soybeans. Corn acreage came in about 1 million acres above trade expectations, though prices reacted little.
Larger-than-expected corn acreage points to ample US supply later in the year, which is bearish for corn prices and feed costs.
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.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
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.