NEWS
Darin Newsom DTN Senior Analyst
Wed Apr 3, 2013 07:11 AM CDT

Nov Beans Trending Down, For Now

Heading into last Thursday's (March 28) Quarterly Stocks and Prospective Plantings reports, the talk was of sizeable increases in both corn and soybean planted area. In regards to the latter, pre-report estimates showed an average of 78.5 million acres as compared to the 77.2 ma on the books for 2012. Lo and behold, as the envelopes were unsealed that morning, the world found out that USDA wasn't quite as optimistic, putting expected planted acres of soybeans at only 77.13 million. That's right, almost 1.4 ma below the average pre-report estimate and even slightly below ...

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