USDA’s re-surveyed acreage data from the Dakotas and Minnesota shows 100,000 fewer corn acres. Summit Commodities market analyst Tim Marsh says there’s also fewer soybean acres. “Acreage went down nearly 300,000 acres on soybeans when they adjusted for differences in the Dakotas and Minnesota from June. That clarified things to be more realistic. It helped the soybean number from being worse than it was.”

