This week’s highly anticipated Prospective Plantings report from USDA offers the first indication of what we can expect from the 2013 corn crop. As expected with corn prices as high as they are, farmers intend to seed a lot of acres to corn – 97. 3 million acres by USDA’s survey-based estimates. That estimate is up slightly from last year’s corn acreage and would represent the highest U. S. planted acreage since 1936.
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