USDA misses big on acres planted in corn
It's hard to believe, but the U.S. Department of Agriculture missed the number of acres planted in corn this year by 1 million less than asserted on October 10.
That will bring the number of expected bushels down by 167 million from the last report.
Consequently, that could be good news for farmers, who can now expect about 5 cents more a bushel than thought, coming in at between $4.35 to $5.35 a bushel going ahead.
The USDA hasn't done too well this year in its corn estimates and other grain estimates as well.
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