On Monday, the U.S. Department of Agriculture reported that domestic plantings were at 92 percent of farmers’ total intended acreage, the slowest pace in more than 40 years.
-- Weather woes cause American corn farmers to throw in the towel
The USDA on Friday projected that 91.7 million acres of corn have been planted this year, higher than 89.1 million acres planted at this point last year. Some states like Iowa and Indiana that have experienced heavy rains and devastating floods actually planted more corn this year than last, according to the report.
-- Big Corn Crop Estimate Startles Markets