This morning the USDA released their latest Prospective Plantings report for 2010 crops. They’re forecasting corn planted acreage to be up 3% from 2009, and soybean acreage to be up less than 1%.

Corn
Corn growers intend to plant 88.8 million acres of corn for all purposes in 2010, up 3% from both last year and 2008. Expected acreage is up in many states due to reduced winter wheat acreage and expectations of improved net returns. Acreage increases of 300,000 or more are expected in Illinois, Kansas, Missouri and Ohio. The largest decreases are expected in Iowa, down 200,000 acres, and Texas, down 150,000 acres.

Soybean
Soybean producers intend to plant 78.1 million acres in 2010, up less than 1% from last year. If realized, the U.S. planted area will be the largest on record. Acreage increases of 100,000 or more are expected in Illinois, Iowa, Kansas, Nebraska, North Dakota and South Dakota. The largest decreases are expected in Georgia and North Carolina, both 150,000 acres less than 2009. If intentions are realized, the planted acreage in Kansas, North Dakota and Pennsylvania will be the largest on record.

You can download the full Prospective Plantings report for March 31, 2010, at the USDA Web site.