# More corn, less soybeans revealed in USDA crop acreage, grain stocks reports | Agri-Pulse Communications, Inc.

> USDA's June acreage report put 2023 US corn plantings at 94.1 million acres, up 5.5 million from last year, and soybean area at 83.5 million, down 5%. Analysts expect higher corn carryover stocks and higher soybean meal prices from lower soy acreage.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Bigger corn supplies push corn prices lower, while smaller soybean acres tighten soy supply and lift soybean meal, affecting feed costs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-08-10 | [Bearish USDA crop report shakes corn and soybean sectors \| 2017-08-10 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/69393-bearish-usda-crop-report-shakes-corn-and-soybean-sectors-2017-08-10-agri-pulse.md) | -4.5% | -6.5% |
| CORN | 2021-10-12 | [USDA officials increase soybean, corn yield estimates \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44382-usda-officials-increase-soybean-corn-yield-estimates-agri-pulse-communications.md) | +0.0% | +9.0% |
| CORN | 2019-08-12 | [USDA trims corn, soybean acres off June estimates \| 2019-08-12 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/11741-usda-trims-corn-soybean-acres-off-june-estimates-2019-08-12-agri-pulse-agri.md) | -6.0% | -8.6% |
| CORN | 2022-12-09 | [USDA’s WASDE leaves most grain and oilseed estimates unchanged \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38185-usda-s-wasde-leaves-most-grain-and-oilseed-estimates-unchanged-agri-pulse.md) | +1.9% | +2.9% |
| CORN | 2022-11-09 | [WASDE reveals small crops are done getting smaller \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/38646-wasde-reveals-small-crops-are-done-getting-smaller-agri-pulse-communications-inc.md) | +1.6% | -5.7% |
| SOY | 2018-03-29 | [Farmers plan to cut corn, soybean acreage, USDA says \| 2018-03-29 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri.md) | +1.3% | +1.0% |
| SOY | 2019-09-12 | [USDA lowers corn, soybean yield estimates \| 2019-09-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/10852-usda-lowers-corn-soybean-yield-estimates-2019-09-12-agri-pulse-communications.md) | +4.1% | +8.2% |
| SOY | 2023-10-25 | [U.S. soybean meal exports set record, expected to go higher next year \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/33691-u-s-soybean-meal-exports-set-record-expected-to-go-higher-next-year-agri-pulse.md) | -0.6% | +6.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/19646-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports

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