Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 28, 2013 18:24:28

Disclosure of estimates sown cereals prices considerably flexed

ColosseumUSDA today released a regular sowing outlook in the United States. Corn farmers plan estimated 97.3 million acres of land, which is 0.1 million acres more than last year, and 6 percent more than in 2011. If the forecasts come true, it will be the largest planted area since 1936, when it was fitted with 102 million acres. The price of corn fell by 5 per cent to 695.25 U.S. cents per bushel. The stock movement limit was reached by 40 cents and despite the fact that the slight increase sown expected. Flat planted soybeans should shrink slightly this year compared to last year. Even so, it will be the fourth highest ever seeding, if the assumptions materialize. Soybean price dropped by three percent in 1408 U.S. cents per bushel. Planned wheat planted area is 56.4 million acres, which is about one percent more than last year. The price of wheat fell by seven per cent to 686.50 U.S. cents per bushel.Planned total cotton area is currently estimated at 10 million acres, which is 19 percent less than last year. Price of cotton rose by one percent to 89.40 cents per pound.

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