Increases for Brazil’s crop size and March exports pressure soybeans. March 21, 2023
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.
Please login to your premium subscription to view this content in its entirety.
Post Archives
Allendale Insider
Allendale Insider
On The Go
On The Go
Market Movers
-
Exports Expected Poor, Grains Move to a Range
June 2, 2023
-
Overnight Trade Puts Beans and Wheat in the Middle of Last Week’s Trade
June 1, 2023
-
Macro Selling Seen, Rain Coverage Increases
May 31, 2023
-
Weather Maps Add Rain, Funds Not Short Covering
May 30, 2023
-
End Of The Week, Holiday Short Covering
May 26, 2023
Market Movers
June 2, 2023
June 1, 2023
May 31, 2023
May 30, 2023
May 26, 2023
Snapshots
Snapshots