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USDA Reports Mixed Crop Trends: Corn Down, Soybeans Up

1/14/2025

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Summary

Story summary

The USDA's 2024 Crop Production Annual Summary paints a mixed picture for American agriculture. Corn production has dipped by 3% to 14.9 billion bushels, with yields at 179.3 bushels per acre. Meanwhile, soybeans thrive with a 5% increase to 4.37 billion bushels, and cotton soars by 19%. Looking ahead, winter wheat acreage is set to grow by 2% in 2025.

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Story summary

The USDA's 2024 Crop Production Annual Summary paints a mixed picture for American agriculture. Corn production has dipped by 3% to 14.9 billion bushels, with yields at 179.3 bushels per acre. Meanwhile, soybeans thrive with a 5% increase to 4.37 billion bushels, and cotton soars by 19%. Looking ahead, winter wheat acreage is set to grow by 2% in 2025.