Corn Leads Grain Plunge as U.S. Acreage Tops Estimates By Jeff Wilson & Tony C. Dreibus
Corn futures tumbled to a 32-month low, while soybeans and wheat fell to the cheapest in a year, after the government said U.S. farmers will plant more grain than forecast and the largest oilseed crop ever.
Planting of corn, the biggest domestic crop, jumped to 97.379 million acres, the most since 1936, the U.S. Department of Agriculture said today in a report. Analysts in a Bloomberg survey expected 95.431 million.
Wheat acreage reached a four-year high of 56.53 million, and soybeans were sown on a record 77.728 million. Corn dropped for the seventh straight session, and wheat capped the longest slump since December 2009.
http://www.bloomberg.com/news/2013-06-2 ... mates.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"