PRO FARMER
Corn acres landed above the average pre-report estimate, though lighter-than-expected June 1 stocks are supportive. Wheat acreage and stocks were mostly short of average pre-report estimates.
Placements and marketings were each down notably from year-ago, though marketings in May were near record low for the month.
USDA sees U.S. wheat production at 1.543 billion bushels; world corn ending stocks estimate rises