# Farmers plan to cut corn, soybean acreage, USDA says | 2018-03-29 | Agri-Pulse | Agri-Pulse Communications, Inc.

> USDA's Prospective Plantings survey showed farmers will plant 88 million acres of corn, down 2 percent, and 89 million acres of soybeans, down 1 percent. Soybeans will outnumber corn for the first time since 1983, and wheat area rose 3 percent to 47.3 million acres.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: report · region US · magnitude high
- Page: https://feedsoft.ai/events/66030-farmers-plan-to-cut-corn-soybean-acreage-usda-says-2018-03-29-agri-pulse-agri
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Smaller corn and soybean plantings reduce expected supply and support feed grain and meal prices, while higher wheat area adds competing feed supply.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -3.2% | +9.0% |
| WHEAT | 2021-12-09 | [USDA maintains corn, soybean stocks estimates, gives bearish wheat figures in December WASDE \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/43523-usda-maintains-corn-soybean-stocks-estimates-gives-bearish-wheat-figures-in.md) | -6.6% | -3.3% |
| WHEAT | 2022-03-09 | [USDA forecast larger wheat stocks despite war, but warns of uncertainty \| 2022-03-09 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/42242-usda-forecast-larger-wheat-stocks-despite-war-but-warns-of-uncertainty-2022-03.md) | -3.1% | +3.6% |
| WHEAT | 2022-02-24 | [USDA cuts corn, raises soy and wheat acreage for 2022](https://feedsoft.ai/events/13389-usda-cuts-corn-raises-soy-and-wheat-acreage-for-2022.md) | +6.8% | +25.3% |
| WHEAT | 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) | +3.9% | +2.0% |
| 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 | 2021-08-12 | [USDA lowers corn, soybean yield estimates due to drought \| 2021-08-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/45406-usda-lowers-corn-soybean-yield-estimates-due-to-drought-2021-08-12-agri-pulse.md) | -3.4% | -10.4% |
| SOY | 2023-06-30 | [More corn, less soybeans revealed in USDA crop acreage, grain stocks reports \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/35530-more-corn-less-soybeans-revealed-in-usda-crop-acreage-grain-stocks-reports-agri.md) | +0.2% | +0.3% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/10784-farmers-plan-to-cut-corn-soybean-acreage-usda-says

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