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.
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