As surely everyone in the world must know by now, USDA will release a number of important reports on Friday, 28 June. These include USDA's survey-based estimates of planted acreage for spring seeded crops and the 1 June quarterly estimates of stocks of grains and soybeans. The main questions regarding this week's USDA planted acreage estimates surround what changes to the mix of acreage among various crops have occurred as a result of the late spring planting season and of course, the influence, if any, of changing price relationships.The generally good weather of the last two weeks (except for the northwest Corn Belt) and the outlook for more of the same have improved USDA's weekly crop condition ratings. This has taken away much of the...