Farm Progress

Corn and wheat acres land on the low-side of estimates. (audio)

March 31, 2017

1 Min Read
Rising volatility may have farmers looking at new crop soybean sales for 2017 alreadylukas_zb/Thinkstock

USDA on Friday said it expects farmers to plant a record 89.5 million acres of soybeans this year. That number was even bigger than most trade forecast, which prompted selling in the Chicago futures.

Also bearish for soybeans, was USDA March 1 stocks of 1.735 billion, which topped the average. While soybeans futures traded lower after the report, corn and wheat futures turned higher following the decreases in expected acreage. The March 1 grain stocks were on the bearish side of estimates for all three crops.

Listen to the report using the audio link on this page.


Farm Futures Senior Editor Bob Burgdorfer comes to Penton Farm Progress with experience as a reporter covering grain markets and other global news with Reuters, Inc. A journalism graduate from Kansas State University, Bob has also worked at daily newspapers and Knight-Ridder as a commodity reporter, covering grains and livestock. He has earned five writing awards for his coverage of Mad Cow Disease, immigration issues and other international breaking news stories.

For more corn, wheat and soy news, commodity marketing recommendations and daily commodity charts, subscribe to Farm Futures' free e-newsletter, Farm Futures Daily, and keep up during the day with Farm Futures on Twitter.

Subscribe to receive top agriculture news
Be informed daily with these free e-newsletters

You May Also Like