Agricultural Policy and Market Situation Newsletter: July 2026
By Michael Deliberto, Ph.D.
LSU AgCenter
USDA’s much-anticipated Acreage Report was released on June 30th. Corn acreage stayed large, but lower-than-expected corn and wheat stocks gave traders enough demand support to trigger relief buying and short-covering after a sharp June selloff.
Grain markets treated the Acreage and Grain Stocks reports as less bearish than the headline corn acreage number first suggested. USDA pegged corn planted area at 95.343 million acres, above the average pre-report trade estimate near 94.99 million acres, with harvested area for grain forecast at 87.434 million acres.