The USDA’s planted area figures for corn and soybeans came in below many pre-report expectations. The total for corn is estimated at 92.006 million acres, about 5 million less than what the USDA was expecting in March and more than 3 million below the average pre-report guess, but up 2.306 million acres from 2019, which saw historic delays caused by wet weather in many key U.S. growing areas. Harvested area for corn is seen at 84.023 million acres, compared to 81.322 million in 2019.

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