An ag economist says a substantial deviation from the USDA prospective planting estimates is possible.
Todd Hubbs with the University of Illinois tells Brownfield corn and soybean acreage could swing either way, with weather being the primary factor.
“If you look over the last 20 years or so, we’ve seen almost 1.9 million acres less (corn) at times, and 3 million acres more like in 2007. So there can be a wide range of corn acreage planted relative to the March intentions.”
USDA projects corn planting at 90 million acres and soybeans as high as 89.5 million.
Continue reading Substantial acreage deviation possible at Brownfield Ag News.
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