The USDA is projecting higher planted area for corn and soybeans in 2023.

Corn planted area is estimated at 91.996 million acres, about a million larger than the Ag Outlook Forum guess from earlier this year and 4% above 2022.

Soybeans are seen at 87.505 million acres, nearly matching the Ag Outlook Forum and slightly higher than a year ago.

The increase in acreage does imply higher production for those crops, but that will depend on weather cooperating during planting and the growing season.

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