USDA’s bullish planting, stocks numbers

03/31/2011 - 04/11/2011

USDA released its annual Prospective Plantings and Grain Stocks reports Thursday morning, showing U.S. farmers intend to plant 92.2 million acres of corn, 76.6 million acres of soybeans and 58 million acres of wheat this year. The corn and wheat numbers are higher than the trade expected, while the soybean number is slightly below the average trade estimate. All 3 figures are above 2010 planting numbers.


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