Planting Forecast Anticipation

How much corn will farmers plant is the multi-million dollar question on the minds of lots of people right now - one that will be answered to some extent when USDA’s prospective plantings report is released Monday morning.

Business Week did an article about those who are eagerly anticipating the report - from livestock producers to the ethanol industry to market analysts.

Here are a couple of quotes from the article:

“Everybody is looking to see what that report is going to look like,” said Bob Dinneen, a spokesman for the Renewable Fuels Association. “Everybody is anxious, us included.”

“Before we weren’t in a demand-driven market,” she said. “Now, it’s all about demand and you have a choice about where we want to sell (corn) and who you want to sell it to. There are still other things beyond farmers’ control, like weather, but it’s a good time.”