Acreage Numbers in US 2011 a Surprise – USDA

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USDA 2011 Acreage Numbers Have Surprises – full story at farmgateblog.com

EXCERPT: USDA surprised the market Thursday morning by projecting 92.3 million acres were planted to corn this year.  The market had been anticipating about 90.7 million, and no more than 91.5 million acres.  For soybeans, however, the numbers went the other way.  The market was anticipating76.5 million acres, but USDA says only 75.2 million were planted.  While the USDA reporting indicated the spring was wet and crop planting was delayed, it did not gauge the acreage that has been lost to flooding.