USDA Likely To Up March 31 Corn Acre Forecast - Analyst
Regardless of the forecast for U.S. corn plantings theUSDA issues on Monday, the agency will likely hike its estimate in the June plantings report. That's the word from Joe Victor, vice president of marketing for commodity research firm Allendale. For the past four years, the USDA has increased its forecast for corn acreage from March to June, Victor says. The average of the increases is 1.48 million acres, he says. Victor was speaking ata CME Group (CME) info session held in advance of the USDA's March 31 prospective plantings report.
