USDA’s Prospective Plantings Report at the end of March will offer more insight into U.S. acreage. The USDA offered a sneak peek during the Ag Outlook Forum. “Eighty-eight million acres of soybeans, up a little from last year,” said USDA Chief Economist Seth Meyer. “Ninety-two million acres of corn, down a little bit. Corn and soybeans are not quite a record, but pretty close.” In the all-wheat category, acreage is forecast to reach 48 million acres. That’s up from 46 million last year.
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