1. Good weather last week saw combines chewing through corn fields and sweeping soybean acreage clean. 2. Meanwhile, traders anticipate rising soybean acreage if rain continues to delay corn planting in the Midwest. 3. Soybean futures fell on predictions of only a slight drop in U.S. soybean acreage this year. 4. The potential for expanded corn and soybean acreage lifted the stock price of the top U.S. farm equipment maker. 5. The potential for expanded corn and soybean acreage lifted stock prices of the top two U.S. farm equipment makers. 6. The report followed one before trading yesterday that said farmers unexpectedly boosted soybean acreage this year. 7. Farmers have been increasing soybean acreage steadily in recent years, partly to take advantage of favorable federal subsidies. 8. If it wins approval, soybean acreage could decrease in coming years. 9. Soybean futures climbed higher Friday on the Chicago Board of Trade amid speculation the farm bill being negotiated in Congress may discourage an increase in soybean acreage. 10. Soybean futures were pressured by a private forecast for only a slight decline in U.S. soybean acreage this year. |