Cornbelt Marketing market analyst Sam Hudson is not looking for a large change in the USDA acreage number in the upcoming report. “I think farmers did what they could to max out their base corn acres and if we’re going to have a major acreage surprise, it could come in the soybeans,” says Hudson. “The production cuts in corn would likely come in yield. It’s hard to see them cutting 10 bushels from the yield in a June report if they’re only going to turn around and hack another five or six million for production.” Hudson thinks more corn acres may have gotten planted than the trade is forecasting.
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