USDA recap

Ending stocks for corn and Soybeans, as of march 1 are a record.Farmers knowing this fact are expected to plant   less corn and Soybeans for upcoming season. This caught the market off guard as no one expected such drastic cuts in acreage. latest prices see Corn +3.6%,Soy +3% and soy meal  +3.5%.A perfect storm now for meal as Argentine  weather worries and Now possibility of smaller US crop. Everything coming up roses for Soy meal.Spring wheat numbers bearish But other types of Wheat leaned bullish,

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