Diversified Services market analyst Sterling Smith thinks there could be more soybean acres than the 90 million estimated by USDA. “If you look at where input costs have gone, farmers may switch to soybeans.” Smith says the corn numbers from USDA are as expected, but Friday’s export sales numbers were slow. “We saw soybeans and corn at half of what they had in the four week average, normal for this time of the year, but we’re getting close to the end of the soybean cycle. Everything will be looking at corn going forward.”
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