NEWS
Fundamentally Speaking
Thu Nov 14, 2013 09:57 AM CST

The USDA corn and soybean production reports last week were much less bearish than the trade had feared for even though yields for each were hiked, planted acreage was chopped far more than had been anticipated.

This graphic shows the change in USDA estimated planted acreage for both U.S. corn and soybeans from the August to the November crop production report in 1000 acres.

2013 U.S. corn planted area was pegged at 95.341 million acres and next to last year is the highest figure since the mid 1930’s.

Still, this was down 1.903 million bushels ...

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