The June Acreage report released Thursday found U.S. farmers planted a record high 83.7 million acres of soybeans this spring and the third most corn acres in 83 years. The Department of Agriculture’s National Agricultural Statistics Service released the report that shows U.S. growers, aided by favorable weather conditions, increased or maintained their 2015 soybean acreage in 18 out of the 31 major producing states. Growers expect to harvest 83.0 million acres of soybeans nationally this year, which, if reached, will be a new record high. Corn growers also benefited from the excellent field conditions this year, increasing their acreage from last year by seven percent to 94.1 million acres, projected to reach the third highest harvested acres since 1933. NASS also released the quarterly Grain Stocks report to provide estimates of grain in storage. According to the report, there are 4.72 billion bushels of corn stored in the United States, up six percent from last year. There are also 870 million bushels of soybeans in storage across the United States, up 39 percent from the same time last year.
Farmers plant record high soybean acreage in 2016
