About the only thing we can say for certain these days is that USDA/NASS will release the “final” U.S. spring planted acreage numbers and the 1 June quarterly stocks numbers next Tuesday, 30 June. What those reports will reveal is, of course, not certain today, but expectations are that the stocks of soybeans and corn will be large while stocks of wheat will be adequate. Most observers expect that planted corn acreage will fall a million or more acres below last March’s initial planting intentions of 97 million acres. Based on a soy/corn price ratio that has favored soybeans the last few months, planted soybean acres are expected to pick up most of corn’s decline and come in around 84.5 to 85.0 million acres. Growin...

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