Standard Grain President Joe Vaclavik says the spring wheat market should benefit from a friendly acreage report. “Spring wheat acreage was 600,000 below the average trade guess. That’s a big deal when you’re only talking 11 million acres,” explains Vaclavik. “Anything USDA said is secondary to what’s going on in the Black Sea Region.” Vaclavik says the USDA numbers will change and the information should be taken with a grain of salt.
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