US farmers to seed more corn, less wheat and soybeans for 2025/26
CHICAGO, Nov 7 (Reuters) -U.S. farmers are likely to expand plantings of corn while reducing seedings of soybeans and wheat for the upcoming marketing year, according to data forecasts released by the U.S. Agriculture Department on Thursday.
The USDA forecast that farmers will seed 92.0 million acres of corn in the 2025/26 crop year, up from 90.7 million in 2024/25. For soybeans, acreage is projected to fall to 85.0 million acres, from 87.1 million.
The USDA projected U.S. all-wheat plantings for 2025/26 at 46.0 million acres, just below the 46.1 million acres seeded in 2024/25.
The USDA's preliminary "baseline" projections, based on conditions as of October and generally used for budgeting, come as U.S. farmers are nearly finished with the harvest of bumper soybean and corn crops for 2024/25 that have anchored Chicago Board of Trade futures near four-year lows.
Complete tables are available here: https://www.usda.gov/oce/commodity-markets/baseline
Reporting by Julie Ingwersen
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