date:Jun 30, 2012
However, the trade believes the weather is a bigger factor than today's USDA Report.
In its June Seed Stocks Reports Friday, the USDA estimates the U.S. 2012 corn acreage at 96.4 million acres vs. the average trade estimate of 95.962 million and the government's March estimate of 95.864 million.
For soybeans, the U.S. 2012 acreage is estimated at 76.1 million vs. the average trade estimate of 75.575 million and the USDA's previous estimate of 73.902 million.
USDA pegged the U.S. 2012 All Whe