Friday's Acreage Report Won't Tell the Full Story

We round of expectations for USDA's Acreage and Grain Stocks Reports here.

Warmer, drier weather into early July may aid crop development stunted by cold, wet weather.

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We fear the numbers could come in even bigger than signaled by a Reuters poll of analysts based on recent slaughter tallies.

Declining U.S. crop conditions offset by improving growing weather forecasts.

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Cordonnier lowered his planted and harvested acreage estimates for both crops.

Grains adding production risk premiums.

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Fertilizers were mostly lower with only DAP posting a higher price on the week.

Spring wheat development is also lagging the norm by a wide margin. Get more highlights from today's Crop Progress Report.

Excessive soil moisture has corn and soybean CCI well below their respective five-year averages.

Late-season rains pulled down the SRW and HRW CCI ratings. Dryness caused the spring wheat CCI rating to drop.

Markets may pause until end of the week reports and U.S./China meetings in Japan.

Producers there now have until July 15 to report spring prevented plant acres.