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Informa raises U.S. 2016 corn plantings forecast, trims soy

CHICAGO - Private analytics firm Informa Economics raised its forecast for U.S. 2016 corn plantings to 89.5 million acres and lowered its forecast for soybeans to 84.0 million acres, trade sources said on Friday.

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CHICAGO - Private analytics firm Informa Economics raised its forecast for U.S. 2016 corn plantings to 89.5 million acres and lowered its forecast for soybeans to 84.0 million acres, trade sources said on Friday.

In January, Informa, based in Memphis, Tennessee, projected 2016 corn seedings at 88.869 million acres and soybeans at 85.230 million acres.

Informa on Friday projected U.S. all-wheat seedings at 51.2 million acres, including 36.9 million acres of winter wheat, 12.54 million of spring wheat other than durum, and 1.785 million acres of durum wheat.

The firm projected 2016 all-cotton seedings at 9.5 million acres.

Informa officials had no comment on the figures.

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The U.S. Department of Agriculture is scheduled to release its annual planting intentions report on March 31. USDA in February said it expected 2016 corn plantings of 90.0 million acres and soybean seedings at 82.5 million.

Related Topics: SOYBEANSCROPSCORN
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