March 30, 2012
By: Pro Farmer, Pro Farmer Editor
** PROSPECTIVE PLANTINGS REPORT **
- CORN: 95.9 mil. acres; trade expected 94.7 mil. acres
-- compares to 91.921 mil. acres in 2011 - SOYBEANS: 73.9 mil. acres; traders expected 75.5 mil. acres
-- compares to 74.976 mil. acres in 2011 - ALL WHEAT: 55.9 mil. acres; traders expected 57.6 mil. acres
-- compares to 54.409 mil. acres in 2011 - SPRING WHEAT: 12.0 mil. acres; traders expected 13.4 mil. acres
-- compares to 12.394 mil. acres in 2011 - DURUM WHEAT: 2.2 mil. acres; traders expected 2.3 mil. acres
-- compares to 1.369 mil. acres in 2011
COTTON: 13.2 mil. acres; traders expected 12.74 mil. acres
-- compares to 14.732 mil. acres in 2011
That's a big number for 2012 corn planting intentions! It beat the average pre-report trade estimate by about 1.5 million acres and even topped the top end of the pre-report trade guess range.
-- compares to 14.732 mil. acres in 2011
That's a big number for 2012 corn planting intentions! It beat the average pre-report trade estimate by about 1.5 million acres and even topped the top end of the pre-report trade guess range.
That's a small number for 2012 soybean planting intentions! It fell short of the average pre-report trade estimate by about 1.5 million acres and is even below the bottom end of the pre-report guess range.
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