The outlook that the USDA published yesterday and today shows corn planting at 94 million acres, which would be the largest acreage since 1944. The report also has soybeans at 75 million, down slightly from last year, and wheat planting rising 3.6 million acres to 58 million. Today’s opening calls today are mixed with no surprises from the report:
This information is supplied by Decisive Farming market analysts. For information about Know-Risk farm risk management services, visit www.decisivefarming.com/Know-Risk/ or to see an informational video about Know-Risk click here.