# USDA's acreage, price projections for 2020 - Brownfield Ag News

> USDA chief economist Rob Johansson projected 2020 soybean acreage up 12% to about 85 million acres and corn up to 94 million acres. He forecast corn prices falling 25 cents to $3.66 per bushel and soybeans rising a nickel to $8.80, with wheat prices up to $4.90 and rice down $1 to $12 per hundredweight.

- Date: 2020-02-20 · published 2020-02-20T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/54627-usda-s-acreage-price-projections-for-2020-brownfield-ag-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Expanded corn and soybean acreage and a projected corn price decline point to ample feed grain supplies, while steady soybean prices reflect lower stocks offset by competition from South America.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-05-10 | [Wheat down on higher USDA crop projection - Brownfield Ag News](https://feedsoft.ai/events/5742-wheat-down-on-higher-usda-crop-projection-brownfield-ag-news.md) | -0.5% | +4.8% |
| WHEAT | 2017-06-30 | [USDA numbers, weather spark strong reactions - Brownfield Ag News](https://feedsoft.ai/events/9721-usda-numbers-weather-spark-strong-reactions-brownfield-ag-news.md) | +1.3% | -3.7% |
| WHEAT | 2019-05-23 | [USDA: China buys U.S. soybeans, pork - Brownfield Ag News](https://feedsoft.ai/events/58948-usda-china-buys-u-s-soybeans-pork-brownfield-ag-news.md) | -13.0% | -6.4% |
| WHEAT | 2017-03-02 | [Global wheat production projected to drop - Brownfield Ag News](https://feedsoft.ai/events/72051-global-wheat-production-projected-to-drop-brownfield-ag-news.md) | -0.0% | +0.2% |
| WHEAT | 2019-11-04 | [Good week for sorghum, soybean export inspections - Brownfield Ag News](https://feedsoft.ai/events/56124-good-week-for-sorghum-soybean-export-inspections-brownfield-ag-news.md) | -0.5% | +7.3% |
| SOY | 2021-01-12 | [USDA: corn, soybean production up in 2020 - Brownfield Ag News](https://feedsoft.ai/events/49002-usda-corn-soybean-production-up-in-2020-brownfield-ag-news.md) | +0.8% | +2.0% |
| SOY | 2017-12-01 | [Ag export projection increased for FY2018 - Brownfield Ag News](https://feedsoft.ai/events/67347-ag-export-projection-increased-for-fy2018-brownfield-ag-news.md) | +0.6% | -3.4% |
| SOY | 2017-06-30 | [USDA numbers, weather spark strong reactions - Brownfield Ag News](https://feedsoft.ai/events/9721-usda-numbers-weather-spark-strong-reactions-brownfield-ag-news.md) | +8.8% | +9.3% |

## Sources

- brownfieldagnews.com: https://www.brownfieldagnews.com/news/usdas-acreage-price-projections-for-2020/

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