An early survey of farmers’ planting intentions for 2011 indicates increased plantings of corn, soybeans and wheat for next year.
The Farm Futures survey found corn acres could increase almost two percent, to 89-point-five million acres. It also shows soybean acreage setting another record in 2011, with farmers ready to plant 79-point-six million acres.
The survey also sees a rebound in winter wheat acres, up 10 percent over last year. Spring wheat and durum acreage are expected to be steady with last year. However, Farm Futures’ editors cautioned that the final winter wheat acreage could change. They point to dry conditions in the South and Ohio River Valley which could hinder soft red winter wheat seedings. And they say, despite good moisture levels on the Plains, hard red winter wheat acreage could be restrained by the weak basis in the cash market.
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