Corn acreage to stay at 86 M acres, says USDA

Washington-U.S. corn acreage is expected to be 86 million acres this year, according to statistics released at the USDA Outlook Forum Feb. 26. This is a surprise to many analysts, who had expected corn acreage to be off due to the economic slowdown and a struggling ethanol industry. USDA is projecting a record soybean crop at 77 million acres. Wheat acreage is put at 58 million acres and cotton at 8.5 million, both down. A full discussion of these figures will be included in the Green Markets 2009 Agriculture and Fertilizer Outlook on March 4. See page 3 for more information.