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Source: U.S. National Corn Growers Association (NCGA)

Although the official U.S. Department of Agriculture report will not be released until June 29, the National Corn Growers Association (NCGA) is seeing forecasts that this year’s corn crop will be as large or larger than forecast.

Bloomberg News is reporting that commodity researcher Informa Economics Inc. says farmers will plant more corn and soybeans than the March USDA forecast as growers plant into winter wheat fields that were damaged by a freeze in April.

Informa reportedly estimates that actual corn acres will exceed estimates by more than 250,000 acres.

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