# USDA Estimates Farmers Will Plant 90M Corn Acres, 86.5M Soybean Acres This Year

> USDA's Prospective Plantings report projects 90.0 million acres of US corn, down 5% from last year and well below pre-report estimates. Soybean plantings are estimated at 86.5 million acres, up 3% and slightly above expectations, and all-wheat area is down 4% at 47.5 million acres.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/31261-usda-estimates-farmers-will-plant-90m-corn-acres-86-5m-soybean-acres-this-year
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A corn acreage figure far below trade expectations tightens the outlook for corn supply and supports prices, while slightly higher soybean acres add modest bearish pressure on soybeans.

## Read by commodity

- SOY: bearish ▼
- CORN: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-08-21 | [Pro Farmer Estimates National Corn and Soybeans Yields Below USDA Forecasts](https://feedsoft.ai/events/51456-pro-farmer-estimates-national-corn-and-soybeans-yields-below-usda-forecasts.md) | +3.5% | +11.2% |
| CORN | 2025-02-11 | [USDA trims South American corn, soybean estimates \| Crop Conditions \| farmweeknow.com](https://feedsoft.ai/events/25994-usda-trims-south-american-corn-soybean-estimates-crop-conditions-farmweeknow-com.md) | +1.4% | -5.7% |
| CORN | 2024-08-23 | [Pro Farmer releases 2024 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13160-pro-farmer-releases-2024-national-corn-and-soybean-estimates-pro-farmer.md) | +0.2% | +6.1% |
| CORN | 2023-08-25 | [Pro Farmer releases 2023 national corn and soybean estimates - Pro Farmer](https://feedsoft.ai/events/13255-pro-farmer-releases-2023-national-corn-and-soybean-estimates-pro-farmer.md) | -2.2% | -9.0% |
| CORN | 2018-11-08 | [USDA lowers 2018 corn, soybean crop estimates - Brownfield Ag News](https://feedsoft.ai/events/61892-usda-lowers-2018-corn-soybean-crop-estimates-brownfield-ag-news.md) | -6.8% | -0.4% |
| SOY | 2025-09-12 | [USDA Ups Corn and Soybean Production Estimates](https://feedsoft.ai/events/22795-usda-ups-corn-and-soybean-production-estimates.md) | +2.2% | +0.7% |
| SOY | 2018-09-12 | [USDA Pushes Corn, Soybean Yield Estimates Higher](https://feedsoft.ai/events/62988-usda-pushes-corn-soybean-yield-estimates-higher.md) | -0.8% | +5.2% |
| SOY | 2021-08-22 | [Pro Farmer Releases National Corn and Soybean Crop Estimates - Pro Farmer](https://feedsoft.ai/events/45407-pro-farmer-releases-national-corn-and-soybean-crop-estimates-pro-farmer.md) | +5.1% | -2.4% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2024/03/28/usda-releases-prospective-plantings

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.