Plantation Sector Update : USDA Planting Intentions – Concentrating On Corn, Not Soybean - 01/04/2010

USDA planting intentions for soybeans in 2010 below consensus…
The USDA released the prospective planting intentions for 2010 last night.
According to the report, farmers in the US intend to plant up 78.1m acres
of soybeans in 2010, up by a slight 0.77% yoy from the 77.5m acres actually planted last year. This is 0.6% lower than consensus expectations of 78.55 m acres of soybean.

Plantation Sector Update : USDA Planting Intentions – Concentrating On Corn, Not Soybean-01/04/2010