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USDA FORECASTS 92 MILLION ACRES OF CORN TO BE PLANTED, 78 MILLION ACRES OF SOYBEANS
Feb. 25, 2011
BrownfieldAgNews reports:
USDA's left its projections for 2011 U.S. corn and soybean acreage unchanged.
At its annual outlook conference this week, Chief Economist Joe Glauber confirmed the estimates of 92 million acres of corn and 78 million acres of beans that were originally made in the baseline projections earlier this month.
The Ag Department has wheat at 57 million acres, also steady with those baseline projections, but it did cut cotton and rice, down to 12.75 million acres and 2.88 million acres, respectively.
The total planted area projection for all crops is almost 255 million acres, up 9.8 million from last year and potentially the highest since 1998.
USDA's 2011 prospective plantings report is out March 31.
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