Monday, March 30, 2009

Breaking News-RTRS-USDA to forecast more U.S. soy acres, less corn

CHICAGO, March 26 (Reuters) - High fertilizer prices and more cropland available for spring planting due to fewer winter wheat seedings should result in a big jump in U.S. soybean acres in 2009 and reduced corn acreage, grain analysts say.
Analysts polled by Reuters on average expect USDA to peg 2009 U.S. corn acreage at 84.411 million acres, down from 86 million a year ago. Soybean acres, on the other hand, are seen rising to a record 79.622 million, up from 75.7 million in 2008.