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USDA’ s corn planting progress are even with year-ago levels and five-year average. Changes in some states.
Corn planting has started, cotton is pacing ahead of normal and winter wheat conditions continue to slide.
Acreage would produce 13.83 bill. bu. crop if trend line yields are realized.
There can be little doubt that NASS acreage and production reports are among the biggest market movers year-in and year-out.
Rising corn futures picked up momentum today after Informa Economics estimated that producers will plant fewer corn acres than USDA projected last month.
End users struggle to balance old-crop supplies with aggressive demand
Corn, soybeans and wheat prices dropped like a rock this week, capped off by a WASDE report with no positive news.
Farmers will spend more to produce their 2011 crops but they’re likely to make that up -- and then some.
Fasten your seatbelts as this week may only prove to be a precursor for what we should expect this spring and summer.
BASF’s Nick Fassler discusses the use of Headline AMP.