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MARKET COMMENTARY

USDA Report Snapshot

Thursday, March 31, 2016, 11:03 AM
Submitted by: Dustin Weiner


Real quick – huge corn acreage projection from the USDA which has corn over a dime lower so far.  Bean acres look moderately friendly to prices, corn and bean stocks both a touch friendly also.  Big story here though is the corn acres.  Details below.

 

USDA:

Corn Acres= 93.6, vs 90.047 avg guess

Bean Acres= 82.2, vs 82.946 avg guess

Corn Stocks=7.808 , vs 7.822 avg guess

Bean Stocks= 1.531, vs 1.569 avg guess

 

 

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