Definition
Description
Analysts watch the June Acreage numbers to see how they differ from the Prospective Plantings estimates that were reported in March, as that will affect production estimates. Changes to the acreage number (and therefore production estimates) will be included in the USDA’s July Supply/Demand (WASDE) report.
* In 2019, an unusually cold and wet spring in the US Midwest delayed plantings to an extent that the USDA was compelled to resurvey growers later in the summer.