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Shining Light on Farm & Food Policy for 20 Years.
Friday, November 22, 2024
The USDA on Friday said raised its planting forecasts for corn, soybean and most wheat, but slashed its prediction for cotton planting as dryness in Texas continues.
Farmers are expected to plant more corn, soybeans, and wheat acres than last year, but official estimates from a USDA report released Wednesday came in below trade expectations, which sent futures prices soaring.
