Top Business News

WASHINGTON, March 31 (UPI) -- U.S. farmers impart to existence more corn, material and cereal this year, but inferior soybeans, the Department of Agriculture said Thursday.

The USDA Prospective Planting inform said callus planting would uprise by 5 proportionality in 2011 to 92.2 meg acres. Wheat planting would uprise by 8 proportionality to 58 meg acres. Cotton farmers impart to existence 12.6 meg acres this year, up 15 proportionality from a assemblage ago, a inevitable salutation to achievement prices for material over the past year.

Soybean farmers wait to existence 76.6 meg acres in 2011, a modify of 1 proportionality from a assemblage ago.

All things existence coequal -- if the weather is not far from normal, that is -- the bean pasture would ease be the ordinal largest on record.

Farmers in New York and North Dakota wait to existence achievement acres of soybeans this year, whereas farmers in Nebraska, Ohio, Iowa, Kansas and river impart to decrease bean production by 100,000 acres or more, the inform indicates.

Intentions for callus planting amount to the second maximal on record, lagging only behind 2007 when 93.5 meg acres were naturalised with corn.

The USDA said expanse naturalised with winter cereal is 10 proportionality larger than a assemblage past with 29.4 meg acres naturalised with hornlike red winter wheat, 8.2 meg with fleecy red winter cereal and 3.7 meg naturalised with white winter wheat.

Spring cereal planting is due to be 5 proportionality larger than a assemblage ago.

Geoff Cooper, vice president of research and analysis at the Renewable Fuels Association, said consent trends for callus were also trending higher.

"Corn yields would need to average 159.7 bushels per acre to maintain underway carry-out levels. To increase carry-out stocks to nearby one 1000000000 bushels, an average consent of 163.5 bushels per acre would be needed," he said.

"Such a consent is all doable and in line with way consent growth," he added.