|
S Illinois | The June report was the miss. Too many bean acres and too few corn acres. As to why, it was one of the more volatile springs regarding what demand would be going forward specifically soybean exports. Volatility creates movement of farmers intentions.
The acreage increase wasn’t sudden. The planted acreage increases came primarily in Aug and Sept as FSA data was certified. What rattled the market yesterday was a bump in harvested acres and the lack of yield decrease. The issue that looms out there is would harvested acres increased in Oct and Nov if there was a normal reporting schedule so that the bump wouldn’t have been as sudden. | |
|
Question
