This is, quite literally, huge. Here it is, straight from USDA just minutes ago.

We'll name the King Corn cap winner later this morning.

Prospective Plantings

National Agricultural Statistics Service
USDA
Washington, D.C.

Released March 30, 2007, by the National Agricultural Statistics
Service (NASS), Agricultural Statistics Board, U.S. Department of
Agriculture. For information on "Prospective Plantings" call
(202) 720-2127, office hours 7:30 a.m. to 4:00 p.m. ET.

Corn Planted Acreage Up 15 Percent from 2006
Soybean Acreage Down 11 Percent
All Wheat Acreage Up 5 Percent
All Cotton Acreage Down 20 Percent

Corn growers intend to plant 90.5 million acres of corn for all
purposes in 2007, up 15 percent from 2006 and 11 percent higher
than 2005. If realized this would be the highest acreage since
1944, when 95.5 million acres were planted for all purposes.
Expected acreage is up in nearly all States as high corn prices are
encouraging farmers to plant more acres to corn. The increase in
intended corn acres is partially offset by lower expected acres of
soybeans in the Corn Belt and Great Plains and fewer expected acres
of cotton and rice in the Delta and Southeast. Illinois farmers intend
to plant a record high 12.9 million acres of corn this spring, up
1.60 million acres from last year. North Dakota and Minnesota
growers also expect to plant record high corn acres, up 910,000 and
600,000 acres, respectively.

Soybean producers intend to plant 67.1 million acres in 2007, down
11 percent from last year. If realized, this will be the lowest
planted area since 1996. Acreage decreases are expected in all
growing areas, except in New York and the Southeast. Large
decreases in soybean acreage are expected across the Corn Belt,
with the largest decline expected in Illinois, down 1.40 million
acres from 2006. However, area planted to soybeans is expected to
increase in the Southeast, with Georgia expecting the largest
increase from last year at 95,000 acres. Planted acreage in New
York is expected to be the largest on record at 210,000 acres.

All wheat planted area is estimated at 60.3 million acres, up
5 percent from 2006. The 2007 winter wheat planted area, at
44.5 million acres, is 10 percent above last year and up 1 percent
from the previous estimate. Of this total, about 31.9 million
acres are Hard Red Winter, 8.66 million acres are Soft Red Winter,
and 3.92 million acres are White Winter. Area planted to other
spring wheat for 2007 is expected to total 13.8 million acres, down
7 percent from 2006. Of this total, about 13.3 million acres are
Hard Red Spring wheat. The intended Durum planted area for 2007 is
1.99 million acres, up 6 percent from the previous year.

All cotton plantings for 2007 are expected to total 12.1 million
acres, 20 percent below last year. Upland acreage is expected to
total 11.9 million, down 21 percent from last year and the lowest
since 1989. Growers intend to decrease planted area in all States
with the largest acreage declines in Arkansas, Georgia, Louisiana,
North Carolina, Mississippi, and Texas. American-Pima cotton
growers intend to decrease their plantings by 10 percent from 2006,
to 292,000 acres. California producers expect to plant
250,000 acres, down 9 percent from last year's record high.

This report was approved on March 30, 2007.
Secretary of
Agriculture
Mike Johanns

Full report:
http://www.usda.gov/nass/PUBS/TODAYRPT/pspl0307.txt