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Industry At A Glance: Corn/Soybean/Wheat Acreage Forecast

2014-02-27 20:06:00| Beef

By Nevil Speer, Western Kentucky University USDA released its initial crop acreage forecast last week at the USDA Outlook Forum. Overall acreage is largely in line with last year’s planted acres. However, there is a slight rotation out of corn into soybeans. Note that the chart indicates 2014 forecast corn coverage is down to 92 million acres – a decline of 3 million acres vs. last year. Meanwhile, soybean acres have increased by an equal amount to 79.5 million acres. read more

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