2012 U.S. Seeded Acreage Impact

[Mufferaw]

Interesting perspective on the potential in the U.S. grain market this year.

Always interesting when you are sleeping beside a snoring elephant, and it decides to roll over.

http://www.bloomberg.com/news/2012-02-07/farmers-plan-biggest-u-s-crop-boost-since-1984-led-by-corn-commodities.html

[fjlip]

“We have the potential to grow record world crops this year that can swamp demand.”
"An acre of corn will earn as much $150 more than soybeans at current prices and normal weather"

"U.S. farmers will plant the most acres in a generation this year, led by the biggest corn crop since World War II, taking advantage of the highest agricultural prices in at least four decades."

Wow, depends on weather...

[malleefarmer]

corn will be planted mostly at expense of wheat then beans secondly.