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Corn, soybeans and SRW wheat each favored the downside in overnight trade as woes surrounding this afternoon’s tariff announcement dictate trade.
Corn led strength overnight as corn and wheat both extended Monday’s report driven gains. Soybeans followed to the upside.
Corn, soybeans and wheat each favored the upside in overnight trade with corn and wheat leading the way higher, extending yesterday’s report driven gains.
CCC funding level | Xi/Trump confab hurdles | No tariff exemptions for farmers
Corn acres come in above expectations
USDA estimates 95.326 million corn acres will be planted this spring, nearly a million acres above the average pre-report estimate. Soybean and wheat plantings were slightly below expectations. March 1 corn stocks met analysts’ expectations, while wheat and bean stocks were slightly above.
Markets keened in on Monday’s reports for most of last week with fresh catalysts at hand.
