Price volatility may not shake up 2022 acres.

A farmer survey conducted by Farm Futures ahead of next week's Prospective Plantings report from USDA suggests that farmers planned early for high 2022 input costs and have been largely unmoved by recent swings in commodity prices in making 2022 acreage decisions. Total 2022 wheat acreage is projected at 47.6 million acres, slightly below USDA's current forecasts due to spring wheat planting constraints. Farm Futures projects total principal crop acreage for 2022 corn, soybeans, and wheat at 280.2 million acres - the largest combined acreage for the three crops since 2014. [Extracted from the article]