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Corn acres top expectations, soybeans modestly below.
USDA estimates corn acres well above analysts’ average pre-report estimate, while soybean acres were lower. March 1 corn stocks were slightly below expectations, while soybeans were slightly above. Wheat stocks were as expected.
Corn continues to lead weakness as funds cover positions ahead of today’s USDA reports.
Trump mulls ending war with Iran without opening Strait of Hormuz
