MARKETS NEWS
Kub's Den
Elaine Kub Contributing Analyst
Wed Apr 3, 2013 11:37 AM CDT

In the wild panic to sell off corn futures positions since USDA's Quarterly Stocks report implied a slower-than-previously-assumed pace of corn usage, the other big government grain report released last Thursday -- the annual Prospective Plantings Survey -- has been largely overlooked or shrugged off by traders.

So here's what it said: Farmers intend to plant 97.3 million acres of corn in 2013, which will be the largest amount of ground covered by corn in the United States since 1936. There was also a large increase in the intentions for sorghum (milo) acreage -- now 7.6 million acres in 2013 ...

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