The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) estimates 92.7 million acres of corn planted in the United States for 2021, up 2% from last year, and soybean area planted is estimated at 87.6 million acres, up 5% from last year. Harvested area for both crops are estimated to also be higher by the same percentages.

The 2021 Acreage report released this week also estimates all cotton planted area for 2021 at 11.7 million acres, 3% below last year. All wheat planted area for 2021 is estimated at 46.7 million acres, up 5% from last year but the fourth lowest all wheat planted area on record since records began in 1919. Winter wheat planted area is estimated at 33.7 million acres, up 11% from 2020. This marks the first year of increasing acreage since 2013.

NASS also released the quarterly Grain Stocks report to provide estimates of on-farm and off-farm stocks as of June 1. Corn stocks totaled 4.11 billion bushels, down 18% from the same time last year. Soybeans stored totaled 767 million bushels, down 44% from last year and all wheat stored totaled 844 million bushels, down 18%.