The much-anticipated 2015 Prospective Plantings released by USDA today shows declines expected in corn, wheat and cotton acres this year, with only a modest increase in soybean acreage.

Corn planted area for all purposes in 2015 is estimated at 89.2 million acres, down 2 percent from last year. If realized, this will be the third consecutive year of an acreage decline and would be the lowest planted acreage in the United States since 2010.

Soybean planted area for 2015 is estimated at a record high 84.6 million acres, up 1 percent from last year. Compared with last year, planted acreage intentions are up or unchanged in 21 of the 31 major producing States.

All wheat for 2015 is estimated at 55.4 million acres, down three percent from 2014, and all cotton is estimated at 9.55 million acres, 13 percent below last year.

Randy Martinson with Progressive Ag provided commentary on the report today for the Minneapolis Grain Exchange crop call.