According to one analytical firm, U.S. farmers are going to increase corn, soybean and winter wheat acreage in 2013, with those acres coming at the expense of cotton.
Via Dow Jones Newswires, Informa Economics sees next year’s corn acreage at 99.03 million, up 1.33 million from their October estimate and 2.13 million more than the 2012 total.
Soybean acreage is projected at 78.96 million acres, 1.14 million under the previous guess but 1.76 million above a year ago.
Informa estimates winter wheat acreage at 42.198 million acres, down 302,000 from the October projection but up 898,000 from last year.
Cotton acreage is seen at 10.065 million acres, 65,000 more than the last estimate but 2.055 million less than 2012′s total.
USDA’s winter wheat acreage estimates are out January 11 and prospective plantings for corn, soybeans and cotton are out March 28.