Written Commentary
STOCKS/ACRES REPORT HIGHLIGHTS
Report Highlights
- Report is bullish Soybeans
- Corn acres may be too high
- Nothing new for Wheat acres
- USDA estimated US March 1 corn stocks near 7,401 mil bu vs 7,470 expected and 7,758 ly
- USDA estimated US March 1 soybean stocks near 1,685 mil bu vs 1,742 expected and 1,932 ly
- USDA estimated US March 1 wheat stocks near 946 mil bu vs 934 expected and 1,029 ly
- USDA estimated US 2023 corn acres near 91.99 Vs 90.88 expected and 91.0 Forum and 88.58 ly
- USDA estimated US 2023 soybean acres near 87.50 vs 88.42 expected and 87.5 Forum and 87.45 ly
- USDA estimated US 2023 all wheat acres near 49.85 vs 48.85 expected and 49.5 Forum and 45.73 ly
- USDA estimated US 2023 cotton acres near 11.25 vs 11.21 expected and 10.9 Forum and 13.76 ly
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