USDA acreage report takeaways
Seriously, what did we learn?
Soybean looking at a record crop. Corn stocks are crazy high. Good news a little hard to find. But are there some silver linings?
hard for me to believe stocks are as high as they say,deliveries against the july contract have been slim to none,if stocks are so large,deliveries should be significant.also usda used 99..5% of the planted acres for harvested are,which seems high with all the flooded acres,and a lot of the increase was in fringe states and double crop acres which result in Nat'l ave yield being lowered.