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Head-Scratching U.S. Corn Planting Data Is Still Incomplete

  • Two reports from USDA muddy waters after spring deluge
  • Some traders say agency will continue to adjust its forecast
Bloomberg business news
Why We're Watching Corn and Soybeans This Week
Updated on

American farmers planted a lot more corn than expected this year. But at the same time, they also left way more acres unplanted than analysts predicted. Wait, what?

If you’re confused, join the rest of the crop market. The U.S. Department of Agriculture put out two reports Monday that seem to be muddying the waters even more after record spring rainfall in the U.S. created widespread uncertainty over crop plantings.