Analysis of USDA Stocks & Seedings Data
The big surprise in the report was a 2.6 Mil acre decline in planted soybean acres to 88.3 Mil acres. NASS indicated that as of June 1, there were still 15.8 Mil acres of soybeans left to be planted compared to 9.8 Mil acres last year. NASS said that in July, they will resurvey the…