U. S. cotton plantings will increase by 7 percent in 2014. Corn acreage will drop 4 percent and wheat is 1 percent lower than last year. Peanut acreage also looks to increase significantly, up from 1.07 million last year to 1.38 million anticipated for 2014, according to the March 31  Prospective Plantings Report from  the USDA National Agricultural Statistics Service (NASS).

The report also indicates a decline in sorghum acreage, 6.68 million acres projected compared to 8.06 million last year.  

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All cotton planted area for 2014 is expected to total 11.1 million acres; upland cotton is expected to total 10.9 million acres. American Pima area is expected to total 158,000 acres, down 21 percent from 2013.

Corn planted area for all purposes in 2014 is estimated at 91.7 million acres, the lowest planted acreage in the United States since 2010; however, this will represent the fifth largest corn acreage in the United States since 1944.

Soybean planted area for 2014 is estimated at a record high 81.5 million acres, up 6 percent from last year.

All wheat planted area for 2014 is estimated at 55.8 million acres, down 1percent from 2013. The 2014 winter wheat planted area, at 42.0 million acres, is down 3 percent from last year but up slightly from the previous estimate. About 30.2 million acres are Hard Red Winter, 8.43 million acres are Soft Red Winter, and 3.35 million acres are White Winter.