Corn
Sees corn, soybean and spring wheat acres up from USDA’s March pegs.
Comes partially at the expense of a smaller soybean crop.
Notes much-needed rains stabilized the winter wheat crop in areas of the FSU.
Corn exports are projected 50 million bushels lower as shipments and sales continue to fall off of the pace needed to reach last month’s projection.
What effect will the longer trading hours have on the markets when USDA reports are released? Jerry Gulke analyzes.
Rains are needed to stimulate nodal root development
Pending CFTC approval, new trading hours will begin no later than Sunday, June 3.