South Dakota Wheat
The Prospective Plantings report shows South Dakota growers again intend to plant fewer acres to wheat. The intended 2.45 million acres in 2012 is well below the intended and actual acres in 2011. Winter wheat seedings were announced back in January as down 3% from 2011. The surprise is spring wheat, where the intended 1.1 million acres would be the lowest on record. The ability to get into fields and a recent price rally has producers discussing a few more spring wheat acres.