E-mail this article to
yourself or a friend.
Enter address:


Soybean plantings, futures decline

(Tuesday, July 1, 2003 -- CropChoice news) -- U.S. farmers cut back on the acreage devoted to soybeans, to 73.7 million acres, the lowest since 1998 and the third consecutive year they've dropped. However, growers in 15 states, mostly in the Southeast, increased plantings. According to USDA survey data, 76 percent of the U.S. crop is genetically modified.

Meanwhile, soybean futures fell on the Chicago Board of Trade Monday. USDA cited unexpectedly high stocks as the reason, according to the Associated Press.

As of June 1 bean stocks stood at 602.33 million bushels, while trade expectations had averaged 581 million bushels.

To see the USDA survey, go to: http://www.agbios.com/main.php?action=ShowNewsItem&id=4551

Source: Associated Press