Mother Nature will make the ultimate decision, but USDA is forecasting an increase in corn acres. According to the Prospective Plantings Report, corn acreage will total 92.8 million acres. That compares to an average pre-report trade guess of 91.3 million. Soybeans are projected to come in at 84.6 million acres, which a million-and-a-half acres below the average trade estimate. Wheat acreage is predicted to be at an all-time low. USDA says Hard Red Spring Wheat acreage will total 12.4 million. Winter wheat is projected to total 31.5 million acres.
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