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SOYBEAN PRICES FELL BY U.S. FARMERS INCREASED ACREAGE

( Update: 27/02/2015 )

Soybean prices fell by U.S. farmers increased acreage 
IA CBOT soybeans fell on the floor before speculation U.S. farmers planted area will increase to a record 81.5 million acres. 
Soybean prices on the Chicago Mercantile Exchange (CBOT) fell by speculation U.S. supplies will be plentiful after the country's farmers increase planted area in this case and as most good growing seasons.

According to the U.S. Department of Agriculture (USDA), as of 15/6, up to 73% of the U.S. soybean planting was rated as good or very good, the best since 1987. USDA will also update about the soybean crop in the report dated 23/6 and will provide a new forecast of U.S. planted area on 30/6. U.S. farmers intend to increase soybean acreage to a record 81.5 million acres (1 acre = 0.4 hectare).

November soybeans delivery fell 0.3% to $ 12.2325 / bushel at 17h52 Day 20/6 on the CBOT floor. Corn price in December fell 0.2% to $ 4.4675 / bushel, after rising 1.8% Wednesday 19/6, the biggest increase since 6/6.

According to Dal Durchholz, a senior market analyst at AgriVisor LLC in Bloomington, Illinois, an area of the U.S. soybean crop could reach nearly 83 million acres. USDA said in March, U.S. farmers intend to reduce corn acreage by 3.9% this season to 91.7 million acres.

Wheat September delivery fell 0.3% to $ 6.01 / bushel on the CBOT. Wheat prices still up 0.7% this week on worries of rain in the Great Plains of the United States will reduce crop quality when harvest begins. In Paris, milling wheat prices in November delivery rose 0.3% to 188.75 euros ($ 256.78) / tonne in Euronext.

According Gafin / Bloomberg