date:Feb 25, 2014
e corn, other feed grains and wheat will decline, as analysts have expected. Soyabean plantings were forecast at a record high 79.5 million acres, up almost 4 percent on the year. Many analysts are forecasting more than 80 million acres.
While increased acres will have near term bearish effect, they were below expectations, and the market may be able to shrug off bearishness readily particularly on the front end, Sterling Smith, futures specialist at Citigroup, said in a note to clients. Corn