date:Feb 25, 2014
acres are expected to fall 3.5 percent to 92 million acres, the lowest since 2011/12, the USDA said, pointing to a larger swing to soyabeans from corn than the USDA suggested last week in a separate set of long-term forecasts for US crops.
The USDA also forecast lower prices ahead for most major US crops as the impact of the severe 2012 drought continues to fade. Prices for most row crops are expected to fall to the lowest levels since 2009/10, said Joseph Glauber, USDA's chief economist. A re