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U.S. soybean acreage seen at record 92.1 mln in 2018 - survey
CHICAGO, March 14 (Reuters) -
* U.S. farmers are expected to plant a record 92.104 million
of soybeans in 2018 and 88.514 million acres of corn, according
to an annual survey conducted by commodity brokerage and
analytical firm Allendale Inc.
* Projected soybean plantings above latest U.S. Department
Agriculture (USDA) forecast for 90.0 million acres and above
90.142 million acres planted in 2017.
* Projected corn plantings below latest USDA forecast for
million acres and below 90.167 million acres planted in 2017.
* The survey of farmers, traders and analysts in 27 states
conducted between Feb. 26 and March 9. During that time, Chicago
Board of Trade new-crop November soybean futures notched a
series of contract highs while new-crop December corn
reached seven-month highs.
* Allendale projects all U.S. wheat plantings at 46.889
acres, above USDA forecast for 46.5 million and above 2017
planted area of 46.012 million acres.
* Allendale forecasts U.S. winter wheat acres at 32.554
down 152,000 from 2017. Other spring wheat acreage seen at
11.924 million, up 915,000 from 2017. Durum acres seen at 2.421
million, up 114,000 from 2017.
(Reporting by Karl Plume; Editing by Dan Grebler)
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