The United States Department of Agriculture reported that ″initial expectations for 2024 planted area are for a decline in total planted area of corn, wheat, and soybeans relative to the previous year. Combined acreage for the three crops is projected at 225.5 million acres — a decline of about 1 percent reflecting expectations of lower prices and a reversion to a more typical level of prevent plant acres.″

 

 

 

Planted area is expected to be 47.0 million acres for wheat (down from 49.6 million acres in 2023), 91 million acres for corn (down from 94.6 million acres) and 87.5 million acres for soybeans (up from 83.6 million acres).