Here are the key numbers from Thursday’s release of the Acreage and quarterly Grain Stocks reports:

Corn: USDA says farmers planted 94.1 million acres of corn this spring, which is more that the average trade estimate of 92.896 million acres. That's the third-highest corn planted acreage in the U.S. since 1944, according to USDA. It’s also nearly a million more acres than farmers said they would plant in March, when USDA pegged corn planting intentions at 93.601 million acres. Corn stocks as of June 1 also rose, hitting 4.72 billion bushels compared to the average trade guess of 4.52 billion bushels

Soybeans: USDA says farmers planted a record high 83.7 million acres of soybeans, which is more than the average trade estimate of 83.834 million acres. Soybean stocks as of June 1 were also higher than expected at 870 million bushels versus the average trade guess of 829 million bushels.

Wheat: USDA says farmers planted 50.8 million all-wheat acres, which is higher than the average trade estimate of 49.869 million acres. Wheat stocks as of June 1 were as expected with 981 million bushels compared to the average trade estimate of 982 million bushels.

Watch AgWeb for continuing coverage of today’s Acreage and Grain Stocks reports.