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The U.S. Environmental Protection Agency (EPA) finalized its Renewable Fuel Standard volumes for 2026 and 2027, setting biofuel blending requirements at record levels — higher than initially proposed — and reallocating 70% of waived gallons back into the system.
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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 falls to 95.3M acres (-3%) while soybeans rise to 84.7M (+4%). Wheat hits a record low 43.8M acres (-3%) and cotton climbs to 9.64M (+4%).
Pro Farmer editors provide daily updates on advice, including if now is a good time to catch up on cash sales.
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
