USDA planted acreage report shows farmers have 224.8 million acres planted on all crops, 91.5 million acres more than anticipated.

NASS forecasts corn production down from 2023.

Corn and soybean production is down from 2021, according to the Crop Production report issued Sept. 12 by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS).

An independent study by the Juday Group quantified the returns that red meat exports brought to national corn and soybean producers in 2021, and at state levels for corn- and soybean-producing states.

Feed ingredients are the No. 1 cost component of the protein business, followed by labor and energy. Oil prices are historically linked to feed-ingredient crops. 

The fundamentals of the commodity market have changed dramatically in one year.