Monday, March 26, 2012

RTRS- UPDATE 1-Farm Futures survey pegs 2012 US corn acreage 95.1 mln

March 23 (Reuters) - A Farm Futures magazine farmer survey pegged 2012 U.S. corn acreage at 95.1 million and soybean acreage at 76.0 million, above last year's plantings.

Corn would get the largest planted acreage since 1944, is above last year's acreage of 91.9 million and above USDA's forecast of 94.0 million released at its outlook forum in February.

Soy plantings at 76.0 million is above last year's U.S. acreage of 75.0 million and is above USDA's outlook forum number of 75.0 million.

The Farm Futures survey indicated 2012 total wheat acreage at 56.7 million, winter wheat 41.9 million, other spring 12.4 million and durum at 2.4 million.

Farm Futures senior editor Bryce Knorr said the email survey was conducted from March 5-20, with 1,500 growers responding, an all-time high.