UDSA released its Prospective Plantings and Grain Stocks reports on March 31, forecasting increases in planted corn and soybean acreage for 2023, as well as reporting year-over-year decreases in corn and soybean stocks vs. 2022.
The March 31, 2022, Prospective Plantings report from USDA forecasts planted corn acreage in 2022 at 89.5 million acres, down 4% of 3.87 million acres from 2021.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.