With the March supply and demand report behind us, the market will begin to focus on acres. Roy E. Abbott Futures market analyst Ron McDaniel thinks soybean acres will be lost. “I personally think the acreage for beans is going to be disappointing for what we need. We did start to hear in Canada that there’s some flow back toward wheat acres at the expense of oats, some oilseed, and legumes. The wheat price did get to the point where it’s starting to buy a few acres.”
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