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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.
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Grains continue to lead weakness with both corn and wheat falling under pressure this morning
Middle East war still running hot
EPA is removing DEF sensor requirements to end costly equipment shutdowns and save farmers an estimated $4.4 billion annually.
Crop rotations lead to lower corn and higher soybean acres than thought, but worries over input costs could lead to later-than-normal decisions.