# Corn, soy climb on smaller-than-expected USDA acreage view | Financial Post

> USDA planting data showed US farmers planted 92 million acres of corn, about 5 million below the March forecast and below analyst expectations. Soybean plantings were 83.8 million acres, slightly above March but below expectations. Chicago corn futures rose nearly 4% on the report.

- Date: 2020-06-30 · published 2020-06-30T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/52675-corn-soy-climb-on-smaller-than-expected-usda-acreage-view-financial-post
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

A sharply smaller corn acreage than expected tightens the US feed grain supply outlook and supports corn and soybean prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-06-30 | [Smaller-than-expected U.S. corn, soy acreage stokes price rally](https://feedsoft.ai/events/46614-smaller-than-expected-u-s-corn-soy-acreage-stokes-price-rally.md) | -0.4% | -10.6% |
| CORN | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | -0.4% | -10.6% |
| CORN | 2020-09-30 | [Corn, soy, wheat surge on lower-than-expected U.S. grain stocks \| Financial Post](https://feedsoft.ai/events/8786-corn-soy-wheat-surge-on-lower-than-expected-u-s-grain-stocks-financial-post.md) | +1.5% | +11.3% |
| CORN | 2019-09-30 | [U.S. grains: Soy, corn rally on smaller-than-expected stockpiles - Manitoba Co-operator](https://feedsoft.ai/events/57114-u-s-grains-soy-corn-rally-on-smaller-than-expected-stockpiles-manitoba-co.md) | -0.9% | +1.1% |
| CORN | 2022-09-28 | [Argentina soy harvest set to climb next season; wheat, corn to retreat \| Financial Post](https://feedsoft.ai/events/14011-argentina-soy-harvest-set-to-climb-next-season-wheat-corn-to-retreat-financial.md) | +1.9% | +4.4% |
| SOY | 2021-06-30 | [Smaller-than-expected U.S. corn, soy acreage stokes price rally](https://feedsoft.ai/events/46614-smaller-than-expected-u-s-corn-soy-acreage-stokes-price-rally.md) | +2.0% | +5.3% |
| SOY | 2021-06-30 | [Corn, soy extend rally after USDA acreage surprise \| Financial Post](https://feedsoft.ai/events/46087-corn-soy-extend-rally-after-usda-acreage-surprise-financial-post.md) | +2.0% | +5.3% |
| SOY | 2020-09-30 | [Corn, soy, wheat surge on lower-than-expected U.S. grain stocks \| Financial Post](https://feedsoft.ai/events/8786-corn-soy-wheat-surge-on-lower-than-expected-u-s-grain-stocks-financial-post.md) | +5.1% | +9.0% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/corn-soy-climb-on-smaller-than-expected-usda-acreage-view

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