US farmers seen decreasing corn planting by 2.8m acres this year vs 2023, according to the avg est. of as many as 28 analysts surveyed by Bloomberg.
- At last month’s Outlook Forum, USDA estimated 2024 corn acres at 91m acres
- Soybean planting seen at 86.7m acres vs 83.6m last year
- The Outlook Forum est. was for 87.5m acres
- Wheat seen at 47.3m acres vs 49.6m last year
- Cotton seen at 11.3m acres vs 10.2m last year