The grain trade expects USDA to estimate corn acres around 92 million and soybean acres at 90 million in the March Planting Intentions report. Country Futures market analyst Darrell Holaday says those acres will get most of the attention, but thinks the bigger question is the average yield. “Even if farmers put two million more acres of corn in the ground, which is more than they did last year, I think a180 bushels-per -acre yield is questionable. It’s a long way to go.” Holaday says USDA will have to lower ending stocks numbers. “The same way with the soybeans. They are estimating 90 million acres, but with the tight ending stocks, I think the soybean stocks will get tighter. USDA will also have to raise export numbers for corn.”
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