Planting Intentions Show US Farmers Ready to Meet Domestic and World Demand for Coarse Grains

U.S. grain production is the talk of the world today as USDA announced the 2011 farmer planting intentions of 92.2 million acres of corn, 3 million acres of barley and 5.6 million acres of sorghum. For corn, this represents a nearly 4 million-acre increase from 88.2 million acres in 2010, approaching the 93.5 million acres in 2007, which was the largest corn acreage since World War II.

With grain prices, world food demand and corn stocks on everyone’s mind, grain customers worldwide are keenly focused on U.S. planting intentions this season.