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Big USDA report day just over a week away
USDA’s Prospective Plantings Report comes out in just over a week.
Analyst Michael Cordonnier with Soybean and Corn Advisor says he anticipates 92 to 93 million corn acres.
“But if we have a good early spring, that would favor a few more corn acres. So it remains on spring weather the next couple of months.”
USDA will also release its quarterly grain stocks report March 31st and Cordonnier tells Brownfield it will probably be a volatile day.
“You always have to kind of hold your breath when those reports come out.”
He says with tight carryovers for corn and soybeans, even slight adjustments in the stocks report could be a big deal to the market.
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