Quoted below is Arlan Suderman from Farm Futures afternoon email.Charts are also from FarmFutures.com "The aforementioned trade survey reflects expectations that USDA will report farmer intentions to plant 77 million acres of soybeans this year, down from 77.4 million in 2010. The range of expectations varies widely for soybeans, stretching from 75 million on the low end to Farm Futures' survey-based estimate of 78.5 million on the high end. March 1 soybean stocks are expected to come in at 1.295 billion bushels, up 25 million from the previous year. Farm Futures expects soybean stocks to come in a bit higher at 1.314 billion bushels."
IMO 77.0 would really be about neutral for now, but i have been wondering about the export numbers coming in on chart below.
Would you guys consider exports on soys on target.w/USDA (I use exports as sales seem to get cancelled or pushed to N/C.
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