USDA Reports Summary
Katie Micik DTN Markets Editor
Tue Jun 30, 2015 11:00 AM CDT

WASHINGTON (DTN) -- Corn and soybean stocks as of June 1 came in near pre-report estimates, at 4.45 billion bushels and 625 million bushels, respectively.

USDA also expects record soybean acreage at 85.14 million acres, up from March's Prospective Plantings estimate of 84.6 ma. Corn acreage, at 88.9 ma, declined slightly from USDA's previous estimate of 89.2 ma.

Sorghum stocks came in below the range of pre-report expectations while acreage came in above the range of expectations.

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Corn ending stocks as ...

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