November 17, 2008
Private analytical firm Informa Economics on Friday (November 14) predicted US farmers will plant more corn and soy in the 2009-10 crop year than they did in 2008-09.
Informa estimated corn plantings at 86.8 million acres and soy plantings at 77.2 million acres, grain industry members said. The US Department of Agriculture's latest estimates put 2008-09 corn plantings at 85.9 million acres and soy plantings at 75.9 million acres. Corn and soy are planted in the spring.
Informa estimated 2009-10 all-wheat plantings at 60.1 million acres, down from the USDA's estimate for 63 million acres in 2008-09. Winter wheat is planted in the fall for harvest in the spring, while spring wheat is planted in the spring for harvest at the end of the summer.