Grain traders are preparing for a major acreage battle this spring. BOLT Marketing market analyst DuWayne Bosse says all of the commodities are looking for more acres. “That’s why the new crop prices are gaining on the old crop prices. After the February USDA Outlook Forum, the general thought was corn and soybeans definitely need acres. I think corn will buy more acres than anticipated.” Spring wheat will have to try to compete for acres. “In previous years, we’ve had this hot potato and no one wanted the acres and we passed the hot potato around. Now, everyone is fighting for the acres,” says Bosse. “I’m already looking forward to the March 31 Planting Intentions report from the USDA. Farmer surveys are already starting to circulate.”
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