AgriTalk After The Bell: Wondering Where the Acres Went

April 5, 2018 04:34 PM
 
 

Asked what farmers should expect in Tuesday’s Supply & Demand Report from USDA, Luke Swenson from The Money Farm in Fargo told AgriTalk After the Bell host Chip Flory, “Leading up to that report, I think we’re all still going to be wondering where all the acres went.” Swenson was referring to the March 29 Prospective Plantings Report that revealed growers’ intentions to plant “just” 177 million acres of corn and soybean (combined).

But Swenson didn’t dodge the question about the upcoming S&D Report, but he did go back to another report released March 29 for his S&D expectations – the March 1 Quarterly Grain Stocks Report. He explained the bigger-than-expected corn and soybean stocks in that report suggest bigger corn and soybean carryover estimates when compared to last month.

Swenson also laid-out his explanation of why he, and others at The Money Farm, have been “bullish corn since last fall.”

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