date:Oct 22, 2012
production pegged at 38 million tonnes. A closely followed private grain analyst released their all wheat planting and production forecast for 2013 midday. The group pegged planted acreage at 56.812 million acres vs. 57.127 previously.
Production was cut from 2.307 billion bushels to 2.293 billion bushels and the cut in production was considered slightly positive.
Soybean Futures Closed Lower
November Soybeans finished down 11 1/4 at 1534 1/4, 21 1/2 off the high and 2 up from the low. Janua