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USA | PP is one those deals that is hard to get a clear cut answer on how they are handled in the big picture.
NASS is predicting harvested corn acres in IL @ 100,000 less in 14 vs 13, on the same amount of planted acres both years.
They lowered planted corn acres in 2013 200,000 from the starting prediction.
125 wheat + 70 CRP+ 100 more corn HA ( 2013) =295 ,000
plug in 200 from original planting intentions = 395,000
NASS is predicting bean harvest acres @ 630, 000 more in 14 vs 13, planted @ 650,000
650,000- 295,000 = 355,000 acres that came from somewhere.
650,000- 395,000 = 255,000 or little over 2 % of 12 million.
355,000 is is about 3 % of 12 million.
2-3 % planted acre error on the us corn crop @ 170 bu yield =300-450 million bu.
Edited by coup 8/31/2014 15:07
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IL corn acre predictions are problematic
