The USDA is projecting higher planted area for corn and soybeans in 2023.
Corn planted area is estimated at 91.996 million acres, about a million larger than the Ag Outlook Forum guess from earlier this year and 4% above 2022.
Soybeans are seen at 87.505 million acres, nearly matching the Ag Outlook Forum and slightly higher than a year ago.
The increase in acreage does imply higher production for those crops, but that will depend on weather cooperating during planting and the growing season.
