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March 31, 2026

March 31, 3036

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 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%).

March 31, 2026

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