Increases for Brazil’s crop size and March exports pressure soybeans.

Higher acreage is set for corn, soybeans and wheat this year with the question about the mix due to both last year's Preventive Plant and smaller cotton acres this year. Our annual survey, conducted 2/27 - 3/11, suggested +1.8 million for corn this year to 90.414 million (USDA AgForum 91.0). A +0.3 increase for soybeans to 87.768 million was called for (USDA AgForum 87.5). All wheat was seen +3.0 to 48.706 million (USDA AgForum 49.5). USDA will release their own Prospective Planting survey, conducted roughly over the same period, on 3/31.

This content requires a premium subscription.

Please login to your premium subscription to view this content in its entirety.

Login

Forgot your password? Reset it by clicking here.
Need an account?
Try our FREE 1 week trial, no card required.
Interested in our Free Webinar?

Sign up now! 

Post Archives

Allendale Insider

On The Go

Market Movers

Snapshots

Trader Insights

Morning Wake up Calls