A new private forecast is calling for a significant downturn in corn acres and a small bump in soybean acres. IEG Vantage, which was formerly known as Informa Economics, is estimating U.S. corn acres at 84.9 million. That compares to the latest USDA forecast of nearly 93 million. IEG Vantage calls for soybean planted acreage to come in at 85 million, up from the USDA estimate of 84.6 million. Spring wheat acres are predicted to come in at 12.2 million acres, down from the USDA estimate of 12.8 million acres. Prevent plant acres are forecast at nearly 12 million acres, which may be a new record high.
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