date:May 21, 2013
ds in that state tend to decline by 8% for corn planted after May 10, by 15% after May 20 and by 25% after June 1.
Late last week consultant Informa Economics forecast 2013 U.S. corn planted area at 96.8 million acres, down about 500,000 acres from the U.S.D.A.s most recent projection of 97.3 million acres. Informa forecast U.S. soybean area at 78.3 million acres, up 1.2 million acres from the latest U.S.D.A. projection of 77.1 million acres.
New crop corn and soybean futures prices at the CME