BULLS VS. BEARS...AGAIN

摘要

"Clear as mud" describes the signals of pending corn acreage estimates. There are plenty of two-handed economists trying to make sense of the possibilities. I do see an answer. But first consider these numbers: U.S. farmers planted 86.5 million acresto corn in 2009 compared to 93.5 million acres in 2007-2008. Projected income per acre on corn vs. soybeans for the last couple of months has strongly favored corn. In the South, many producers are considering shifting at least part of their corn acreageback to cotton.