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Agriculture's Big Picture

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AgWeb Editor Greg Vincent takes a big-picture look at agriculture and current events.

Electronic Markets and Yesterday's Report

Jul 01, 2010
Indiana Grain Company CEO Thomas Grisafi posted a commentary on YouTube that explains why the markets took such a wild swing following yesterday's acreage and stocks reports. Tom says it's a completely different world with today's electronic markets, and that caught some traders by surprise. 

Today's trading should be a bit more calm as investors aim to start their long Fourth of July weekend a little early and avoid some of the risk built into the markets. 

On a related note, let me direct you to the AgWeb/Top Producer acreage estimates we released last week. We were within 500,000 acres of USDA's projections on corn acres and we just missed soybeans by 160,000 acres. Thanks to our readers who took part in our annual survey!


Acreage Estimate Comparisons
(1,000 acres)  



USDA 2009 Final Acreage

 March 31, 2010, Projections

AgWeb/Top Producer Survey 

USDA June 1, 2010, Acreage Estimates

Corn

86,482

      88,414

      87,872

Soybeans

77,451

      78,708

      78,868

Cotton

9,008

      10,750

     10,909


You can get the full reports and Pro Farmer analysis here. Top Producer Market Analyst Jerry Gulke and Farm Journal Economist Bob Utterback give their responses to the reports here
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COMMENTS (1 Comments)

Anonymous
Sometimes you got to know when to hold them or when to fold them. No difference between a trader and a gambler at Vegas, except at Vegas, the gambler is using his own money!
8:45 AM Jul 1st
 
 
 
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