Informa, based in Memphis, Tennessee, lowered its forecast of 2016 U.S. corn plantings to 88.926 million acres, from 90.1 million last month.
The firm cut its forecast of U.S. 2016 soybean plantings to 84.537 million acres, from 85.3 million previously. However, if realized, the figure would still represent an all-time high.
U.S. farmers planted 88.4 million acres of corn and 83.2 million acres of soybeans in 2015, according to the U.S. Department of Agriculture.
(Source – http://www.agweek.com/crops/corn/3906199-informa-lowers-forecasts-us-2016-soy-and-corn-plantings)