CHICAGO (Reuters) – Private analytics firm Informa Economics lowered its forecast of U.S. 2014 soybean plantings to 81.929 million acres, still a potential record high but down about 110,000 acres from its previous forecast of 83.814 million, the firm said in a note to clients on Wednesday.
Informa raised its outlook for 2014 corn seedings to 91.846 million acres, from 91.546 million previously.
In 2013, U.S. farmers planted 95.3 million acres of corn and 76.5 million acres of soybeans, according to the U.S. Department of Agriculture.
Informa pegged U.S. all-wheat plantings for 2014 at 57.855 million acres, down from its previous estimate of 58.1 million. The firm estimated winter wheat plantings at 42.866 million acres, compared with its previous estimate of 43.106 million.
