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U.S. 2019 Corn Acreage Seen at 91.5 Mln, Soy at 84.3 Mln -Survey
CHICAGO, March 13 (Reuters) - U.S. farmers are expected to plant 91.475 million acres of corn in 2019 and 84.263 million acres of soybeans, according to an annual survey conducted by commodity brokerage and analytical firm Allendale Inc.
• Projected corn plantings would fall below the latest U.S. Department of Agriculture (USDA) forecast for 92.0 million acres and above the 89.129 million acres planted in 2018.
• Projected soybean plantings would fall below the latest USDA forecast for 85.0 million acres and below the 89.196 million acres planted in 2018.
• The survey of farmers, traders, and analysts in 29 states was conducted between Feb. 25 and March 8.
• Allendale projects all U.S. wheat plantings at 47.414 million acres, above the USDA’s forecast for 47.0 million and below the 2018 planted area of 47.800 million acres.
• Allendale forecasts U.S. winter wheat acres at 31.492 million, down 1.043 million from 2018. Other spring wheat acreage was seen at 13.820 million, up 620,000 from 2018. Durum acres were seen at 2.102 million, up 37,000 from 2018. (Reporting by Julie Ingwersen in Chicago; editing by James Dalgleish)
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