USDA will hold their annual Ag Outlook Forum virtually later this week. Advance Trading Commodity Research Analyst Brian Basting says traders will be watching to see what USDA does with the acreage mix. “USDA will give us the best guess on Thursday and Friday of the 2021 acreage estimate. We are anticipating a fairly large switch to soybeans.” Basting says traders are expecting much of the switch to soybeans to happen in the Northern Plains. “One of the areas we looked at was switching away from small grains into canola or beans.”
