# PF Report Reaction: Acreage shocker from USDA - Pro Farmer

> USDA's June 30 Acreage report showed corn plantings at 94.096 million acres, well above trade expectations of about 91.85 million and up 2.1 million from March intentions. Soybean plantings came in at 83.505 million acres, far below the roughly 87.67 million expected. Corn futures fell 15 to 16 cents while soybeans rose 75 to 80 cents in early trade.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/35512-pf-report-reaction-acreage-shocker-from-usda-pro-farmer
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A much larger corn crop and smaller soybean area point to ample corn supplies and lower corn prices, while tighter soybean acreage supports soybean and meal values. Feed buyers should expect cheaper corn and firmer soy-based feed ingredients.

## Read by commodity

- SBM: bullish ▲
- SOY: bullish ▲
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-10-09 | [Report Reactions - Pro Farmer](https://feedsoft.ai/events/17068-report-reactions-pro-farmer.md) | -0.2% | -3.3% |
| CORN | 2021-12-09 | [PF Report Reaction: USDA delivers a yawner, as expected - Pro Farmer](https://feedsoft.ai/events/43526-pf-report-reaction-usda-delivers-a-yawner-as-expected-pro-farmer.md) | -0.4% | -0.7% |
| CORN | 2024-01-12 | [PF Report Reaction: Bearish reaction to USDA's barrage of January data - Pro Farmer](https://feedsoft.ai/events/32066-pf-report-reaction-bearish-reaction-to-usda-s-barrage-of-january-data-pro-farmer.md) | -0.9% | -5.5% |
| CORN | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -2.0% | -4.5% |
| CORN | 2022-01-12 | [PF Report Reaction: USDA report data relatively mild for corn and soybeans - Pro Farmer](https://feedsoft.ai/events/13394-pf-report-reaction-usda-report-data-relatively-mild-for-corn-and-soybeans-pro.md) | -2.6% | +3.6% |
| SOY | 2024-11-08 | [PF Reaction to USDA's Reports \| November 8, 2024 - Pro Farmer](https://feedsoft.ai/events/27341-pf-reaction-to-usda-s-reports-november-8-2024-pro-farmer.md) | -2.9% | -2.1% |
| SOY | 2025-04-10 | [USDA Report Reaction \| USDA cuts corn ending stocks - Pro Farmer](https://feedsoft.ai/events/25070-usda-report-reaction-usda-cuts-corn-ending-stocks-pro-farmer.md) | +2.6% | +2.4% |
| SOY | 2019-06-28 | [USDA acreage report shocks the market](https://feedsoft.ai/events/58542-usda-acreage-report-shocks-the-market.md) | -1.7% | -0.5% |

## Sources

- profarmer.com: https://www.profarmer.com/news/agriculture-news/pf-report-reaction-acreage-shocker-usda

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