USDA Reports Largest-Ever Combined Corn & Soy Planted Acreage

USDA found an additional 1.4 million planted acres for both the corn and soybean crops to increase the corn crop slightly and boost the soybean crop to the largest in U.S. history. The combined planted acreage of the corn and soybean crops is now 183.5 million acres, more than 3 million acres higher than the previous combined crop record. 

China Ramping Up US Soybean Purchases

US soybean buys by China have picked up following a summit between Trump and President Xi Jinping in May, putting this year’s purchases roughly a quarter of the way toward meeting what the White House has said is a commitment to purchase at least 25 million tons of soybeans annually through 2028.

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