NEWS
USDA Reports Summary
Katie Micik DTN Markets Editor
Mon Jun 30, 2014 11:00 AM CDT

WASHINGTON (DTN) -- Farmers planted 84.8 million acres to soybeans this spring, an 11% increase from last year and a new record by more than 7 million acres, USDA said in its June Acreage report. USDA's acreage figure is 1.62 million acres higher than the highest pre-report estimate.

USDA trimmed corn acres slightly to 91.64 ma from its March planting estimate of 91.69 ma.

USDA also released the quarterly Grain Stocks report, which showed U.S. corn stockpiles at 3.85 billion bushels and soybean stockpiles at 405 million bushels, both within the range of pre-report expectations.

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