Sources familiar with Informa Economics say the firm has updated its 2013-crop acreage estimates, making minor adjustments to most projections.
Informa reportedly projects winter wheat acreage at 42.5 million, 1.2 million above last year, but 50,000 acres below Informa’s previous peg.
Informa reportedly pegs 2013 corn acreage at 97.7 million acres, soybeans at 80.1 million and all cotton at 10.0 million acres. Sources say the firm told its clients disappointing winter wheat prospects in the Central Plains due to the lingering drop are expected to result in reseeding to other crops this spring.
