The nation’s corn pile is shrinking but soybean ending stocks are holding steady, according to Friday’s World Agricultural Supply and Demand Estimates report.

The nation’s farmers are set to plant 178.7 million acres of corn and soybeans combined this growing season, well below analysts' estimates, according to a USDA report released Wednesday.

The U.S. on Monday suspended a formal trade tie with Burma two months after a military coup and the arrest of the country’s elected leader, Aung San Suu Kyi, and others in her National League for Democracy party. The U.S. action comes after years of increasing agricultural trade with Burma amid warming relations between the two countries, but that progress is now threatened.

Agriculture Department officials left corn, soybeans, and wheat projections mostly unchanged in Tuesday’s World Agricultural Supply and Demand Estimates report.

The Department of Agriculture expects U.S. farm exports to hit a record $157 billion for fiscal 2021, an increase of $21 billion over the year before, as the global economy recovers and China increases its already strong demand for U.S. corn, soybeans and meat.

U.S. corn and soybean ending stocks are getting tighter as the Department of Agriculture increased exports in Tuesday’s World Agricultural Supply and Demand Estimates report.

USDA’s top climate adviser is trying to dispel concerns that the administration’s carbon spending will crowd out private investors. That’s a concern shared by some entities that are building private carbon credit markets.

Farmers are getting new options to cover differences in farming practices and crops, and many growers will be able for the first time this year to buy an endorsement to cover a portion of their deductibles.