The USDA’s quarterly stocks and planting intentions numbers will be released on Thursday. Given the volatile situation globally, drought impacts, and high input costs, these will be especially important reports this year. Recall that last year’s report was quite bullish; within an hour of the report’s publication, soybean and corn were up their respective daily market limits. The planting intentions are surveyed starting in February and show the results as it is wrapped up as of 1 March. The ProFamer/Doane’s survey conducted earlier this month showed an expected drop in corn and increase in soybeans compared to actual acres planted (per WASDE).
The pre-report estimates show corn down 1.5 million acres and s...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
