Will markets frown on surprisingly robust U.S. corn acreage?

July 1, 2016 4:34 AM

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Will markets frown on surprisingly robust U.S. corn acreage?

In the lead-up to the USDA NASS June 30 acreage report, the news agency Reuters said soybean acreage, forecast at 82.2 million acres in March, may have jumped to 83.8 million. Corn acreage, Reuters speculated, might drop from 93.6 million to 92.8 million.

It turns out, the NASS report says, “Corn planted area for all purposes in 2016 is estimated at 94.1 million acres, up 7 percent from (2015).

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