AgMarket.Net® Releases Official June Planted Acreage Estimates

AgMarket.Net®, the Farm Division of John Stewart & Associates, is announcing its planted acreage estimates ahead  of USDA’s June Acreage Report.

AGMARKET.NET ESTIMATES (MILLION ACRES)

AGMARKET.NET 2023 USDA March 2023 USDA 2022
CORN 91.85 92.00 88.58
SOYBEANS 87.65 87.50 87.45
ALL WHEAT 50.07 49.90 45.74

 

The partners of AgMarket.Net® say they expect a slight increase in soybean acres from USDA’s March projections. 

“We feel as if a few acres could have been switched from corn to soybeans, especially in the Northern Plains, due to  the lateness of planting in the region,” says AgMarket.Net co-founder Matt Bennett. “Despite this, we feel prevent  plant will be low and double-crop soybean acres could be strong.” 

Bennett says he expects overall acreage between corn, soybeans and wheat will be robust, just like USDA projected  during March. 

The agricultural brokerage and consulting firm established the numbers by speaking to its consulting and hedging  customers through the country on their planting mix and prevent plant acres. AgMarket.Net® used its contacts in the chemical and input space on availability of product, seeding trends and planting progress as well. 

AgMarket.Net® is the Farm Division of John Stewart and Associates; a forward-thinking agricultural marketing and  consulting firm. JSA is a full-service commodity brokerage firm based out of St. Joseph, MO. 

The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. AgMarket.Net® is  the Farm Division of John Stewart and Associates (JSA) based out of St Joe, MO and all futures and options trades are cleared through ADMIS in Chicago IL. This  material has been prepared by an agent of JSA or a third party and is, or is in the nature of, a solicitation. By accepting this communication, you agree that you are an  experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication  in making trading decisions. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading  information and advice is based on information taken from 3rd party sources that are believed to be reliable. We do not guarantee that such information is accurate or  complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is  no guarantee that the advice we give will result in profitable trades. The services provided by JSA may not be available in all jurisdictions. It is possible that the  country in which you are a resident prohibits us from opening and maintaining an account for you. 2023

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