Summit Commodities market analyst Tim Marsh is surprised grain markets haven’t paid closer attention to unplanted acres in the Northern Plains. “If you do the math on unplanted acres, there was about 1.75 million acres of corn that wasn’t planted by the end of May that would usually be in the ground by now. Some of that ground may go to corn, but the rest could go to prevent plant. It may become a bigger factor as we get closer to the June 30 acreage report.” Marsh is watching today’s USDA Crop Progress and Conditions report closely. “The crop is well behind the normal progress, but the condition ratings are probably going to be average or better.”
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