Planting season is still several weeks away, which means the acreage balance is still in flux, however, multiple factors could shift how acres are traded around the U.S. That is according to CoBank’s outlook, predicting an increase of 4.17 million acres of corn. For soybeans, tariffs on imports of used cooking oil from China and potential tariffs on canola oil from Canada would lift demand for soyoil and encourage farmers to hold on to soybean acres. For corn, volatile trade relations create potential for trade disruptions and tariffs. A trade dispute with Canada may disrupt exports of U.S. ethanol to the largest export market accounting for nearly a third of U.S. ethanol exports. A disruption to the important Mexican market could sev...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, China, North America