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Monday, June 30, 2025

New Survey Predicts 1.3 Million Acre Jump for Corn

Just ahead of USDA’s new estimates, the Kluis Commodity Advisors/Successful Farming Acreage Survey revealed American farmers planted over 1 million more corn acres for the 2025/2026 crop year than USDA previously forecast. Soybean and wheat acres were pegged lower. According to the survey results, the acreage for corn and soybeans combined is 179.3 million versus 178.8 million in USDA’s March 2025 Prospective Plantings report. The survey attributes this increase to a 500,000-acre reduction in spring wheat. USDA’s March report contained 2025/2026 acreage estimates based chiefly on surveys asking what U.S. farmers anticipated planting. Monday, June 30 (Today), USDA is expected to release the annual Acreage report, containing new estimates based mainly on farmer surveys to discover how many acres were actually planted. Al Kluis, managing director of Kluis Commodity Advisors, said the survey’s corn estimate has the potential to translate to increased U.S. corn production and ending stocks, making the number negative for prices.