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Survey: 2007 U.S. corn crop, 90.760 million acres

Agriculture.com Staff 03/02/2007 @ 7:00am

U.S. producers surveyed plan to plant over 12.0 million more corn acres and almost 10.0 million less soybean acres in 2007 compared to last year, according to one market analyst firm.

Allendale Inc., released its 2007/2008 planting intentions survey results on Friday.

Corn planting intentions of 90.760 million acres would be the largest since 1944 at 95.475 million. On Thursday, USDA estimated the U.S. 2007 corn crop at 87.0 million.

Using Allendale Inc.'s 149.79 bushels per acre trend yield, the U.S. crop would equal a record 12.34 billion bushels.

For soybeans, planting intentions of 65.927 million acres would represent the lowest since 1996 at 64.195 million. USDA put 2007 planted acres at 71.0 million.

If Allendale Inc.'s crop estimate is realized, the U.S. soybean crop would equal 2.724 billion bushels, figuring on a 41.93 bushel per acre yield.

Wheat acreage is estimated at 60.493 million acres. If realized, this would be the largest crop since 2003 at 62.141 million. For wheat, USDA Thursday estimated 2007 cropsize at 2.2 billion bushels, 360 million bushels above 2006.

Allendale officials had no further comments on the release of the acreage estimates.

U.S. producers surveyed plan to plant over 12.0 million more corn acres and almost 10.0 million less soybean acres in 2007 compared to last year, according to one market analyst firm.

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