World Perspectives
feed-grains soy-oilseeds wheat

USDA Reports Positive Soybeans, Negative Corn

Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.Today’s USDA acreage and stocks numbers didn’t contain any big surprises, but there were a few small ones.

Soybean acres were expected to get bigger than the 31 March number, but they were left unchanged. Corn acres were expected to drop, and they went up 1 million acres. Spring wheat acres declined more than the average trade guess but in line with WPI’s estimate. 1 June corn stocks were 100 million bushels above the average trade guess. 1 June soybean stocks were 20 million bushels below the average trade guess. 1 June wheat stocks were bigger than expected.

The corn and soybean markets will now be all about July and August...

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