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New Mexico | 5 million acres of corn was NOT planted or drowned.
And 5 million acres of less beans...same deal.
Thus 10 million acres OFF the board so to speak for production.
MUCH like the Can report.
IF the afore adjusteds are not in the upcoming report ( due to supposed timing issues ), they will likely be in the following report after that.
Keep in mind this is just the opposite of last year from a govt perspective.
Last year they started low and kept adjusting higher. ( there is NOTHING out there at this point where the supposed big crop gets bigger )
This year they started with RECORD high projecteds and will end up steadily adjusting lower. ( there are several factors which DO indicate this is a Small crop which will keep getting smaller ).
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USDA Acreage Report next week
