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Biotech / Medical : Monsanto Co. -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (1116)	2/8/1999 8:31:00 PM
From: jttmab	Read Replies (2) \| Respond to of 2539

If you suffer from impatience as I do, look at the MCS on the Frankfurt Borse in the morning. finance.yahoo.co.uk Best Regards, Jim

To: Anthony Wong who wrote (1116)	2/9/1999 12:36:00 AM
From: Dan Spillane	Read Replies (2) \| Respond to of 2539

To: Anthony Wong who wrote (1116)	2/9/1999 12:36:00 AM
From: Dan Spillane	Respond to of 2539

A significant percentage of these will be Monsanto RR Soybeans! "...the council's latest projection shows U.S. farmers planting many more soybeans over the coming decade than last year's forecast..." (full text) Tuesday February 9, 12:01 am Eastern Time More US soybeans, less corn in 1999-Grains Council By Doug Palmer ORLANDO, Fla., Feb 9 (Reuters) - U.S. farmers will plant more soybeans and less corn in 1999, continuing a trend triggered by the landmark 1996 ''Freedom to Farm'' bill, the U.S. Grains Council said Tuesday in its annual long-term forecast. The report estimated U.S. soybean plantings at 74.2 million acres for the 1999/2000 crop, up from an estimated 72.7 million in 1998/99. For corn, the report put U.S. plantings at 79.1 million acres, down from an estimated 80.8 million in 1998/99. Based on the acreage estimates, the council projected the 1999/2000 soybean crop at a record 2.92 billion bushels and the corn crop at 9.54 billion, down slightly from this year's output which was the second largest on record. By its very nature, the council's forecast is more focused on long-term trends than year-to-year fluctuations. As such, the forecasts for 1999/2000 should be viewed with caution since relative prices and weather conditions will heavily influence what farmers plant this spring. Still, the council's latest projection shows U.S. farmers planting many more soybeans over the coming decade than last year's forecast, which put plantings at 67.9 million acres in 1999/2000 and just 66.1 million in 2006/07. In the revised long-term outlook, U.S. soybean plantings dip slightly to 71.5 million acres early next century but rise back to 74.5 million by 2007/08. For corn, the council's latest forecast shows a smaller increase in acreage in the first five years than last year's forecast and a stronger increase in the second five years. The new report pegged corn plantings at 83 million acres in 2005/06 through 2007/08, compared to last year's report, which put plantings at 81.0 million in 2006/07. Corn and soybeans compete for the same acreage in many parts of the United States, and the 1996 farm bill gave farmers much more freedom to switch between crops without losing government benefits. That has produced a dramatic step up in soybean plantings which appears to be long-lasting. For other U.S. crops, the council's long-term outlook had the following projections: WHEAT 1999/2000 plantings at 60.8 million acres and production at 2.19 billion bushels, both down sharply from this year. Beginning in 2000/01, wheat plantings are expected to rise again, reaching 66.0 million acres in 2007/08. RICE 1999/2000 plantings at 3.38 million acres and production at 199.5 million hundredweight, both up from this year. Rice plantings are forecast to rise gradually to 3.45 million by 2007/08. UPLAND COTTON Plantings are pegged at 13.04 million acres, up moderately from last year. But production is forecast to increase sharply to 17.6 million 480-pound bales, after this year's drought-withered crop. Upland cotton plantings are expected to dip to 12.3 million acres in 2001/02, then rise back to 12.80 million acres by 2007/08. SORGHUM Plantings down slightly at 9.38 million acres, but production increasing to 596 million bushels due to better yields. Acreage and production are expected to stay roughly in that same range for the next 10 years. BARLEY Plantings are expected to continue a long-term decline, falling to 6.17 million acres in 1999/2000 and then to 6.05 million by 2007/08. Improved yields will push production to about 370 million bushels by 2007/08, from about 360 million this year. biz.yahoo.com