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Agricultural News


USDA Releases the Latest Acreage and Grain Stocks Numbers

Fri, 29 Jun 2012 18:07:13 CDT





The USDA released the latest Acreage and Grain Stocks numbers this morning, June 29. 2012. The Acreage numbers appear to be on the negative side with increases across the board for corn, soybeans and wheat acres. Corn acres were pegged at 96.4 million acres, soybeans at 76.1 million acres and all wheat came in at 56 million. All these numbers were more than the trade was anticipating.


In the Stocks numbers, wheat and soybeans came in more than what the trade was expecting. Corn stocks numbers were a little less than year ago totals which is looked on as friendly right now.


You can see all the USDA numbers by clicking on the following links - Grain Stocks Report

USDA Acreage Report


You can hear Tom Leffler of Leffler Commodities analyze the latest USDA numbers by clicking on the listening bar below.



   

Tom Leffler of Leffler Commodities
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