USDA shocks market with big increase in corn acres

USDA shocks market with big increase in corn acres

Corn acres put at 93.6 million, soybeans at 82.2 million. (audio)

Corn futures were trading about 10 cents lower near midday on Thursday after USDA said it expects farmers to plant 93.6 million acres of corn this year. That number exceeded trade forecasts. Soybean acreage was put at 82.2 million, which was close to forecasts and down from a year ago.

Listen to the report using the audio link on this page.

Corn futures were trading about 10 cents lower near midday. (Photo: Maciek905/Thinkstock)

Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

TAGS: USDA
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