USDA has, surprisingly, increased its planted area estimate for corn.
Most analysts expected a decrease following a late start to planting and widespread flooding in some key U.S. growing areas.
In Missouri, USDA says 3.25 million acres of corn has been planted with 3.1 million acres harvested; both up 100-thousand from last year. Soybeans planted are up 5.1 million acres, down 50-thousand from 2010; harvested is at 5.05 million acres, down 20 thousand from a year prior. Winter wheat planted, 830 thousand acres, up 460 thousand from 2010. Harvested is 690 thousand acres, 410 over last year.
