Prospective plantings for 2011 are in. What’s next for corn, soybeans and wheat?

Market Pulse: April 4, 2011

This last week’s report really had no surprises; early predictions were right on. In corn, the United States will plant 92.2 million acres, 4 million acres greater than last year. In soybeans, the United States will plant 76.6 million acres, 1.1 million acres less than last year. Finally, in wheat United States plantings will be 58 million acres, 4.4 million acres greater than last year. This report came in bullish for all of these grains, with potential tight supplies for the next year or two.

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