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USDA Releases May WASDE Report

  • In its May 2025 update, the USDA forecasted increased production of corn and soybeans in the United States for the 2025-26 marketing year, as detailed in its latest supply and crop outlook reports.
  • This report follows updated forecasts showing a 5 percent increase in corn planted acres to 95.3 million and 83.5 million acres for soybeans, with yield and harvested acreage raised accordingly.
  • The wheat forecast indicates a rise in available quantities, a slight increase in domestic consumption, a decline in exports, and a season-average farm price that is expected to drop by 20 cents to $5.30 per bushel.
  • Corn production is projected at 15.82 billion bushels with a $4.20 per bushel price down 15 cents, while soybean production is forecast at 4.34 billion bushels with a $10.25 price above last year's $9.95.
  • These mixed supply and demand changes indicate ample crop supplies with reduced exports and slightly higher domestic use, which may place downward pressure on prices and affect farm income variability.
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freshplaza.com broke the news in on Monday, May 12, 2025.
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