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Farmers across the Texas High Plains received a deluge of rainfall right at planting, and while the moisture was needed, the sudden switch prevented some farmers from planting their intended cotton acres this year.

The USDA reports provided a bullish surprise for soybeans with acreage down 4 million from the March intentions. Corn acreage was bearish coming in more than 2 million higher than March. Where did the shifts occur?

Most agricultural co-ops are often invisible to consumers, even as they keep grocery prices in check by letting farmers stay economically sustainable.

With notably smaller soybean acres, weather over the next month will be especially significant.

EPA plans to revise the “Waters of the United States” (WOTUS) regulation by Sept. 1. Both the EPA and the Corps of Engineers have regulatory duties for federal waterways.

U.S. consumer sentiment increased 5.2 points (8.8%) in June to a reading of 64.4, according to the University of Michigan’s Surveys of Consumers.

AgDay TV Markets Now: Matt Bennett, AgMarket.Net discusses where ending stocks and prices project to for corn and soybeans after USDA’s shocking shift in acres.

USDA released a few big surprises in the June acreage report, including a spike in corn acres and a large reduction in soybean acres. The agency also forecasts grain stocks below trade expectations.

USDA’s June Acreage and Quarterly Stocks reports resulted in a bullish surprise for soybeans and bearish news for corn. In an already volatile grain market, the supply situation is problematic.