by frankthetank » Fri 31 Mar 2006, 18:07:39
Want to know why?
$this->bbcode_second_pass_quote('', 'U')SDA projected 2005 U.S. corn plantings at 78.019 million acres, below the
average trade estimate of 80.576 million. This figure is well below the 2005
season, when 81.759 million acres were seeded.
USDA said the corn plantings if realized would be the lowest U.S. corn
acreage since 2001, citing farmer intentions to plant less intensive crops due
to fertilizer and fuel costs.
This can't be good, can it? A person would think with all the ethanol talk, corn planting should be way up.
Although there looks to be a sizeable corn stock on hand.
$this->bbcode_second_pass_quote('', 'U')SDA pegged March 1 corn stocks at a hefty 6.987 billion bushels, which
matched the average analyst estimate. This is also well above the same time
last year, when stocks totaled 6.756 billion.