Combined Corn/Bean Acres to Drop

Results of the Pro Farmer/Doane planting intentions survey not surprisingly signaled corn acres will decline and soybean acres will increase this year. But our survey surprisingly showed combined corn and soybean acres would decline 900,000 acres from last year to 179.7 million acres, with soybean acres not expected to rise as much as we previously projected. We forecast total acres planted to the big four crops (corn, soybeans, wheat and cotton) will rise 1.7 million acres from last year to 240.2 million acres.