USDA重磅报告带来“惊吓”？美豆种植面积基本符合预期，但库存超预期增加！

Core Insights - The projected soybean planting area in the U.S. for 2025 is 83.4 million acres, slightly below market expectations of 83.65 million acres, and a decrease of 4% year-over-year [2][3] - The projected corn planting area for 2025 is 95.2 million acres, representing a 5% increase year-over-year, marking the third-highest level recorded since 1944 [3] - The projected wheat planting area for 2025 is 45.5 million acres, a decrease of 1% year-over-year, with winter wheat area slightly increasing from previous estimates [3] - The projected cotton planting area for 2025 is 10.1 million acres, a significant decrease of 10% year-over-year [3] Planting Area Summary - Soybean planting area is expected to decrease, with 25 out of 29 states showing reduced or stable planting [3] - Corn planting area is expected to increase, with 41 out of 48 states showing increased or stable planting [3] - Wheat planting area is expected to decrease, with a notable increase in winter wheat area compared to previous forecasts [3] - Cotton planting area is expected to decrease significantly, with dryland cotton area also showing a reduction [3] Inventory Summary - As of June 1, 2025, U.S. old crop soybean inventory totals 1.008 billion bushels, an increase of 4% year-over-year [6] - U.S. old crop corn inventory totals 4.644 billion bushels, a decrease of 7% year-over-year [6] - U.S. old crop wheat inventory totals 851 million bushels, an increase of 22% year-over-year [6]