A University of Missouri ag economist expects a light increase for corn acreage in the USDA’s June acreage report that comes out near the end of the month.
Ben Brown is with MU’s Food and Agricultural Policy Research Institute.
“I’m putting it just under a million acre increase in June,” he said. “Which, some private analysts are expecting somewhere around 96 million acres of corn which would be a five million acre increase almost.”
He tells Brownfield if the report is closer to his guess of a nearly 1-million-acre corn increase, it would be bullish for the market.