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AgProfessional Magazine

AgProfessional magazine is a monthly magazine that provides editorial and advertising for agronomic and business management solutions specifically to agricultural retailers/distributors, professional farm managers and crop consultants.

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AgProfessional Magazine
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The latest news and information of specific interest to farm managers, crop consultants, ag retailers and the ag industry professionals serving them is delivered weekly on Monday in this e-newsletter.

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News specific to inform, educate and assist ag retailers is delivered in this e-newsletter weekly each Thursday. Circulation is limited to only ag retailer/distributor management and employees.

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Market Commentary

Afternoon Comments 05/20


Continuing tightness of old crop supplies supported nearby soybean futures again Monday despite a very modest result on the weekly Export Inspections report. The large cash premium seems likely to continue adding support. Conversely, the deferred contracts may have been pressured by traders thinking speedy corn plantings would presage a similar surge in soybeans, since an early finish could translate into large harvest next fall. July soybean futures jumped 16.0 cents to $14.645/bushel at the Monday close, while July soyoil sank 0.32 cents to 49.20 cents/pound, and July soybean meal surged $10.2 to $435.3/ton.
Market Info
Home > Resource Centers > Soybean > Soybean acreage third highest on record

Soybean acreage third highest on record

USDA  |   June 29, 2012
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According to the USDA's latest Acreage report, soybean planted area for 2012 is estimated at 76.1 million acres, up 1 percent from last year and is the third highest on record. Area for harvest, at 75.3 million acres, is up 2 percent from 2011. Record high planted acreage is estimated in New York, North Dakota, and Pennsylvania, and the planted area in South Dakota ties the previous record high.

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