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Farm Progress America, July 3, 2023Farm Progress America, July 3, 2023

Farm Progress America Max Armstrong and Mike Pearson talk about the quarterly grain stocks and planted acreage report released last Friday by the USDA and the surprises it held.

July 3, 2023

The biggest surprise to everyone was the acreage report.

The report showed an increase of over 500,000 acres of corn in Illinois and the reduction of

800,000 acres of soybeans-- Illinois gave the biggest shock.

Max Armstrong says it's always a puzzle trying to figure out what farmers were thinking at planting time especially since the corn cost them the most at the time.

The one concern for everyone is the ongoing moisture situation across the country.

The one bright spot is that the area from Grand Isle, Neb. to Toledo, Ohio is set to receive a big drink over the holiday weekend. The area is estimated to gain one inch to 1.5 inches by July 4.

The reports showed there are 94.1 mill acres of corn in the ground and 83.5 mill acres of soybeans planted.

However, there was surprise showing there is a tighter supply of corn on hand than last year by 6 percent.

Max Armstrong's Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Max Armstrong, veteran farm broadcaster and host of
This Week in Agribusiness.

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