In its June World Agriculture Supply and Demand Estimates report, USDA slashed corn output, but left soybeans unchanged, reports AgWeb.
In the WASDE report narrative, USDA economists wrote: “Unprecedented planting delays observed through early June are expected to prevent some plantings and reduce yield prospects."
USDA will release its Acreage Report on June 28, which will provide survey-based indications of planted and harvested area.
Read the full WASDE report here.
