Analysts at the Reuters Food and Agriculture Summit in Chicago predicted that U.S. farmers will plant soy on 76.5 million to 78.7 million acres (compared with 77.5 million in 2009) and corn on 89.3 million to 91 million acres in 2010 (compared with 86.5 million in 2009), Reuters news agency reported.

The corn projections are higher than the one released by the U.S. Department of Agriculture in February for 89.0 million acres. USDA put soybeans at 77.0 million acres.