USDA explores acreage mix

摘要

THE moment of truth has arrived. Hype over Asian rust sent panic through the industry after it was first discovered on a Louisiana research farm last fall. Talk of devastating losses led to speculation of a massive acreage shift this spring. That in turn led to strong soybean basis offers through the winter, which most farmers chose to pass up. Meanwhile, nearly ideal growing conditions in Brazil pushed world soybean stocks to record levels, providing a large safety net against a short U.S. crop this summer.