U.S. farmers planted fewer corn acres and more soybeans this spring, according to the latest Acreage report from the National Agricultural Statistics Service. USDA estimates 95.3 million acres of corn were planted in 2026, down three percent from last year. Soybean acreage increased by five percent to 85.4 million acres. Wheat plantings fell six percent to 42.7 million acres, while cotton acreage rose six percent. The report is based on a June survey of more than 90,000 producers and reflects what farmers actually planted this season. USDA also reported larger grain inventories as of June 1. Corn stocks totaled 5.29 billion bushels, up 14 percent from a year ago. Soybean stocks increased by five percent to 1.06 billion bushels, while wheat stocks climbed eight percent to 920 million bushels. The updated acreage and grain stocks figures are expected to play a key role in grain market direction as traders evaluate 2026 crop production and supply prospects.
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