The USDA released the first acreage estimates on Monday, March 31, 2025. US planted corn acreage is projected to be 95.3 million acres, up 5% compared to last year (Figure 1). The USDA’s corn acreage projection is higher than analysts’ estimation of 94.4 million acres but within the range of estimates. This is the largest projected corn acreage since 2020 when the USDA estimated corn acreage to be 97 million acres. US planted soybean acreage is estimated to be 83.5 million acres, down 4% from 2024. The USDA’s soybean acreage projection is slightly lower than the analysts’...