Pro Farmer
Trump addresses nation tonight on war in Iran
Early responses amid Iran war could mean revisions to acreage figures down the road
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 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
Editor Bill Watts tackles news and price action with Economist Spencer Langford before going over the Pro Farmer spring acreage survey with Economist Lane Akre.
Traders are positioning ahead of Tuesday’s USDA data on planting intentions and quarterly grain stocks
Grains continue to lead weakness with both corn and wheat falling under pressure this morning
Middle East war still running hot