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 [...]

Corn stocks reported below industry estimate

As of Mar. 1, 2020, U.S. corn stocks were just over 7.95 billion bushels, down roughly 8 percent YOY and below trade expectations. A stocks figure under the industry estimate may suggest that 2019/20 production was lower than reported. Soybean stocks were just over [...]