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Corn (CORN -3.9%) crumbles after the USDA estimates farmers planted 97.379M acres - the most...

Corn (CORN -3.9%) crumbles after the USDA estimates farmers planted 97.379M acres - the most since 1936 and far ahead of estimates for just 95.431M acres. The number of acres to be harvested, however, fell to 89.135M from 89.5M projected 2 weeks ago, and stocks of 2.764B bushels are below expectations of 2.845B. Bean (SOYB -0.5%) acreage is estimated at about an inline 77.28M acres - the most ever. DBA -1%.
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Comments (10)
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    1925 corn / bu = $4.00 2014 = $4.00
    28 Jun 2013, 01:51 PM Reply Like
  • minecanary
    , contributor
    Comments (480) | Send Message
     
    TPTB must have found another 400 million bushels hiding...time to announce increased ethanol amounts in our greener gasoline
    28 Jun 2013, 02:08 PM Reply Like
  • Stebbins01
    , contributor
    Comment (1) | Send Message
     
    1925 Ave bushels per acre = approximately 25
    2013 Ave bushels per acre estimate = approximately 160

     

    Source: http://bit.ly/1293wXn
    28 Jun 2013, 02:37 PM Reply Like
  • TFCAB
    , contributor
    Comments (1977) | Send Message
     
    my great uncle and farm owner shared the same thing w/ me in 1975 when i was 15 and cleaning the stalls in his barn....

     

    Fertilizer and super seeds do wonders for crop yield.
    28 Jun 2013, 09:55 PM Reply Like
  • Machiavelli999
    , contributor
    Comments (829) | Send Message
     
    Hyperinflation any day now...ANY DAY....keep waiting...and waiting...and waiting...
    28 Jun 2013, 03:54 PM Reply Like
  • Common Guy
    , contributor
    Comments (79) | Send Message
     
    Thomas Robert Malthus 1798 essay: "An Essay on the Principle of Population"....

     

    Any day, now....
    29 Jun 2013, 10:49 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Every year after a drought or shortfall there is increased/record plantings...this is no exception and was predictable. Many analysts were pointing the wrong way on wheat and lost $ today if they were also trading that direction.

     

    Above: we've become much more efficient at yield!
    28 Jun 2013, 05:45 PM Reply Like
  • Interesting Times
    , contributor
    Comments (11458) | Send Message
     
    Nobody wants to be around me with extra beans.. Trust me, especially if they are on sale!!
    28 Jun 2013, 11:29 PM Reply Like
  • Nawar Alsaadi
    , contributor
    Comments (434) | Send Message
     
    One side effect of the expected record corn crop is increased demand for propane. 80% of corn is dried with propane, it takes a gallon of propane to dry 11 bushels of corn. If the corn crop comes at 13.9B bushels as expected that would represent an increase of 3.45B bushels from last year, this would generate around 6 million barrels of additional propane demand in September/October, which is roughly what is required to balance the propane market which is still suffering from the non-winter of 11/12 and record low corn crop of 2012.

     

    Equal Energy (EQU) is still my top pick to get exposure to propane/LPG.

     

    Regards,
    Nawar
    29 Jun 2013, 02:36 PM Reply Like
  • Garfield23
    , contributor
    Comments (162) | Send Message
     
    drought last year, and record planting this year, unfortunately fungus being seen bc of the excessive rain...also article showing wheat too wet to cut which delayed the cutting and pushed back the soybean planting...flower stage could get a chill given a late season,

     

    more risks to the upside in price than people are thinking, also farmers holding to higher prices given such low existing inventories from last year,
    23 Jul 2013, 07:13 PM Reply Like
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