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| "Informa Economics cut its corn and soybean acreage projections by a hefty amount from last month according to Reuters. The firm now projects corn acreage at 88.926 million, down from a forecast last month of 90.1 million. Soybean acreage is seen at 84.537 million, down from 85.3 million last month. That would still be an all-time high. U.S. plantings for 2015 totaled 88.4 million for corn and 83.2 million for soybeans, so the bottom line here is that even with the growing pressure on the farm economy, acreage is expected to be up in 2016." | |
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what did informa say
