USDA grain market report days don’t come any bigger than Tuesday’s planting intentions and quarterly grain stocks reports, especially with spiking fertilizer prices and availability concerns bringing a new twist for potentially less U.S. corn planted acres this year.
A Dow Jones Newswires survey shows the average of analysts surveyed put U.S. planted corn acres at 94.481 million. Traders also expect higher U.S. corn stockpiles as of March 1 than seen at the same time last year. U.S. planted soybean acres are seen by analysts at 85.463 million acres. Traders also expect higher U.S. soybean stockpiles as of March 1 than seen at the same time last year. U.S. all wheat acres are seen by the analysts’ average at 44.605 million acres. The survey showed traders expect higher U.S. wheat stockpiles as of March 1 than seen at the same time last year.
