- (Bloomberg) Informa Economics Inc. said farmers will plant corn on 90.755 million acres, less than a November forecast of 93.055 million. Soybeans will be sown on 77.565 million, down from a record 77.714 million this year, the Memphis-based researcher said today in a report. Informa said farmers may plant the most acres of cotton in five years, after prices jumped to a record.
- U.S. Sugar Corp. said five nights of freezing Florida weather in the past 10 days “severely damaged” a cane crop.
- A shortage of high-quality arabica coffee has led to “precariousness of the supply/demand balance,” the ICO said.
- Bank of America has halted all transactions for WikiLeaks, joining other institutions that refuse to process payments for the website that has exposed a trove of US government cables.
- Elwynn Taylor: The La Niña to date is tracking the 1973-4 event, a Risk factor for 2011
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