Estimates for Corn, Soybeans May Be Off

The U.S. Department of Agriculture's planting intentions report, issued two weeks ago, indicates that U.S. farmers intend to plant 8% less corn this year and will replace that acreage with soybeans and, to a lesser extent, wheat. Those estimates may have been cause for alarm among meat, poultry and egg suppliers, who have watched animal feed costs soar in recent years as demand from ethanol

WASHINGTON — The U.S. Department of Agriculture's planting intentions report, issued two weeks ago, indicates that U.S. farmers intend to plant 8% less corn this year and will replace that acreage with soybeans and, to a lesser extent, wheat. Those estimates may have been cause for alarm among meat, poultry and egg suppliers, who have watched animal feed costs soar in recent years as demand from ethanol producers continues to force the price of corn to new heights.

However, the

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