Private analytical firm Informa Economics is pegging corn acreage at 95.5 million acres. That’s up less than one percent from the company’s January estimate of 94.8 million acres, but is 4 percent higher than last year’s official USDA figure of 91.9 million acres. Corn processing giant ADM is pus the corn number closer to 94 million acres while futures trading company PFGBest predicts 94.5 million acres will be planted in the coarse grain.
Soybean acreage also is expected to rise over last year. Informa predicts 75.2 million U.S. acres will be planted in the popular oilseed. That’s a mere 150,000 acres above the Tennessee-based company’s January estimate and the figure is slightly above USDA’s 2011 tally of 75 million acres… which ADM prognosticators see as the correct amount for 2012.
Total wheat plantings are anticipated to be 57.7 million acres by Informa. That’s 6 percent higher than last year’s USDA figure of 54.4 million acres. And ADM predicts total wheat acreage will increase nearly 7 percent over last year to 58.2 million acres.