News Details

With corn futures +63%, soybeans +74% and cotton +59%, has corn bought acres from either, IHS Markit reporting 2021 US corn acres at 94.2 million?

(Jan 21, 2021)
184 million corn/soy acreage pie looks a little ambitious?

21/22 U.S. Crop Acreage Early Estimates

(in Mil Acres) Markit 21/22 Est.- Jan Markit 21/22 Est.- Dec USDA 21/22 Early Est. USDA 20/21 Final
Corn 94.2 91.1 90.0 90.8
Soybeans 90.1 89.45 89.0 83.1
All Wheat 45.3 45.46 46.0 44.3
Cotton 11.5 13 11.2 12.1

Source: USDA, Markit Group

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.