2021 corn & soybean acreage below expectations
In USDA’s March acreage report, lower-than-expected acreage surprised markets. U.S. corn planting intentions were slated at a five-year high of 91.1 million acres, up 325,0000 acres YOY but notably below the industry estimate. For soybeans, producers intend to plant a three-year high of 87.6 [...]