date:Jun 29, 2012
highest since 1937.
Analysts on average expect the USDA to forecast soybean plantings of 75.58 million acres, up from 74.98 million acres last year and higher than the USDA's previous forecast of 73.90 million acres.
Estimates by 18 analysts ranged from 74.50 million to 76.54 million soybean acres.
At the same time as its plantings report, the USDA will also release figures for domestic grain and soy inventories as of June 1.
The pair of reports could cause major price swings in soybean, cor