NEWS
FSA Releases Prevented Planting Data
Katie Micik DTN Markets Editor
Thu Aug 15, 2013 05:26 PM CDT

OMAHA (DTN) -- Farmers were prevented from planting 3.4 million acres of corn, 1.6 ma of soybeans and 1.7 ma of wheat in 2013, according to preliminary data released by the Farm Services Agency Thursday.

December corn futures closed up 17 cents at $4.72 1/4 Thursday, breaking above the 20-day moving average of $4.70 1/4, a key technical indicator.

"Corn had to fight hard to close above this level with funds defending their recently established short futures position," DTN Senior Analyst Darin Newsom said. "However, increased support from commercial traders allowed the contract to finally breach the 20-day moving average, ...

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