USDA: Highest corn acreage since 1936 expected

| Friday, March 29, 2013, 12:01 a.m.

USDA: Highest corn acreage since 1936 expected

Farmers intend to plant 97.3 million acres of corn this year, the most since 1936, the USDA's spring planting survey said Thursday. The survey said the 2013 corn planting forecast is up slightly from last year's 97.2 million acres. Corn remains profitable, as prices are holding strong at around $7 per bushel after last year's severe drought left the grain in short supply. In a separate report, the USDA said corn stocks fell 10 percent from a year ago to 5.40 billion bushels. Record corn acreage is expected in Arizona, Idaho, Minnesota, Nevada, North Dakota, and Oregon. And Iowa, the nation's leading corn producer, will plant an estimated 14.2 million acres in corn, the same as last year.

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