PF Analysts Highlight Key Data in Acreage, Grain Stocks Reports

June 30, 2010 12:30 PM
 

Note: Pro Farmer Members can see Pro Farmer's full report reaction on the Pro Farmer page under "Top Stories." To become a member, call 1-800-772-0023 for more information.

Following is a condensed version of the Pro Farmer report reaction:

 

** JUNE ACREAGE REPORT **

  • CORN: 87.872 mil. acres; trade expected 89.302 mil.
    -- compares to intentions of 88.798 mil.; 86.5 mil. in 2009
  • SOYBEANS: 78.868 mil. acres; trade expected 78.292 mil.
    -- compares to intentions of 78.098 mil.; 77.5 mil. in 2009
  • SP. WHEAT: 13.907 mil. acres; trade expected 13.693 mil.
    -- compares to intentions of 13.906 mil.; 13.3 mil. in 2009
  • DURUM: 2.675 mil. acres; trade expected 2.260 mil.
    -- compares to intentions of 2.223 mil.; 2.6 mil. in 2009
  • ALL WHEAT: 54.305 mil. acres; trade expected 53.774 mil.
    -- compares to intentions of 53.827 mil.; 59.1 mil. in 2009
  • COTTON: 10.909 mil. acres; trade expected 10.75 mil.
    -- compares to intentions of 10.51 mil.; 9.15 mil. in 2009

** JUNE 1 GRAIN STOCKS **

  • CORN: 4.310 bil. bu.; trade expected 4.613 bil. bu.
    -- compares to June 1, 2009, stocks of 4.261 billion bu.
  • SOYBEANS: 571 mil. bu.; trade expected 592 mil. bu.
    -- compares to June 1, 2009, stocks of 596 mil. bu.
  • WHEAT: 973 mil. bu.; trade expected 938 mil. bu.
    -- compares to June 1, 2009, stocks of 657 mil. bu.

 

Copyright 2010 Professional Farmers of America.

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