Sources familiar with Informa Economics say the firm has updated its 2013 acreage projections. The firm has reportedly increased its corn acreage projection from its November figures, at the expense of soybeans. Following are details:
Corn: Informa now sees the potential for 99.026 million planted corn acres in 2013, which is up from its November estimate of 97.7 million. If realized, it would be up from 96.946 million planted in 2012.
Soybeans: Informa estimates planted soybean acreage of 78.962 million in 2013, which compares to its November estimate of 80.1 million. But if realized, it would still be up from 77.203 million planted in 2012.
Winter wheat: Informa estimates planted winter wheat acreage at 42.198 million in 2013, which compares to its November estimate of 42.5 million. This is still larger than 41.324 million planted in 2012.
Cotton: Informa now sees planted cotton acreage of 10.065 million in 2013, which is little changed from its November estimate of 10.0 million. This compares to 12.121 million planted in 2012.