Corn Planted Acreage Up 6 Percent from 2015
Soybean Acreage Down Less Than 1 Percent
All Wheat Acreage Down 9 Percent
All Cotton Acreage Up 11 Percent
All cotton planted area for 2016 is estimated at 9.56 million acres,
11 percent above last year. Upland area is estimated at 9.35 million acres,
up 11 percent from 2015. American Pima area is estimated at 215,000 acres, up
36 percent from 2015.
The data are not bullish, although the recent rise in CME Nov soybean futures may yet trim acual planted area VS USDa intentions.
