Global Commodity Analytics President Mike Zuzolo doesn’t think USDA’s acreage number is too far out of line. “I think what we can glean from this is that between the bean-corn ratio, the crop insurance base price and the cost of production differentials between this year versus last year going into planting, the farmer is really pulling in his horns at this point.” Total Farm Marketing Market Advisor John Heinberg said the data did have some impact with a friendly corn number. “Now we’re going to start shifting things back to the weather side of the equation in the U.S.” said Heinberg. “The planting window is coming.”
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