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More fallout from initial USDA acreage estimates

Plus, could grain buyers be changing purchasing patterns? If you’re anything like me, you spent the past few days icing your neck after the whiplash from the March 31 USDA reports. Trade estimates largely missed the mark on Wednesday’s USDA 2021 Prospective Plantings report. Lower acreage estimates for 2021 corn and soybean production sent futures contracts soaring up to each commodity’s respective daily limits - $0.25/bushel for corn and $0.70/bushel for soybeans on Wednesday, be...
Lance Honig National Agricultural Statistics Service Crops Branch Quarterly Stocks Report Grain Stock Crops Branch Chief

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