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The trade is trying to figure out just how much corn will get harvested this year, which Pro Farmer’s Brian Grete is calling the “impossible puzzle.”
AgWeb.com will have full coverage of USDA’s March 29 reports, following the 11 a.m. Central Time releases.
As the week begins, Brian Splitt, a broker with Allendale Inc., and Tommy Grisafi, branch broker of Advance Trading, are talking to AgDay host Clinton Griffiths to discuss what they’re watching in commodity markets.
USDA reports stocks of corn, soybeans and wheat have fallen.
USDA estimated that U.S. growers will plant 97 million acres of corn this spring, an 8% increase over 2019, but analysts say recent sharp declines in ethanol production make it doubtful that number will hold true.