Corn Gets Rocked on USDA Report: Acreage Planted Down 4%, Market Had Expected Lower

So much for the post immediately below:

Starting to get that long-ish ain't wrong-ish feel but too chicken to make declarative statements.
Corn $4.3660 down 5.60 cents, CME Sept. wheat 587'2 down 6'4.

Corn 424'6 down 17'4.
And that boys and girls is why we don't do public pre-announcement guesses. As with natural gas the object isn't to figure out what the number will be or even the Keynesian Beauty Contest: figuring what the other fella thinks the number will be. Rather the object is to discern how the third guy will trade the info he thinks hombres a and b have.
Now if you'll pardon me it's time for a trade.

From AgWeb:
Acreage: Corn Down 4%, Soybeans Up 11%, Cotton Up 9%

Corn Planted Acreage Down 4% from 2013

Soybean Acreage Up 11%
All Wheat Acreage Up Less Than 1%
All Cotton Acreage Up 9%

Corn planted area for all purposes in 2014 is estimated at 91.6 million acres, down 4 percent from last year. This represents the lowest planted acreage in the United States since 2010; however, this is the fifth largest corn acreage in the United States since 1944.

Soybean planted area for 2014 is estimated at a record high 84.8 million acres, up 11 percent from last year. Area for harvest, at 84.1 million acres, is up 11 percent from 2013 and will be a record high by more than 7.4 million acres, if realized. Record high planted acreage is estimated in Michigan, Minnesota, Nebraska, New York, North Dakota, Ohio, Pennsylvania, South Dakota, and Wisconsin.

All wheat planted area for 2014 is estimated at 56.5 million acres, up less than 1 percent from 2013. The 2014 winter wheat planted area, at 42.3 million acres, is down 2 percent from last year but up less than 1 percent from the previous estimate. Of this total, about 30.4 million acres are Hard Red Winter, 8.50 million acres are Soft Red Winter, and 3.41 million acres are White Winter. Area planted to other spring wheat for 2014 is estimated at 12.7 million acres, up 10 percent from 2013. Of this total, about 12.0 million acres are Hard Red Spring wheat. The intended Durum planted area for 2014 is estimated at 1.47 million acres, down slightly from the previous year....MORE