Bullish corn June 1 stocks. Slight support soybean stocks and wheat was 31 million bushels below trade expectations.
March 1 corn stocks were revised down by a large 185 million bushels.
Acreage was the largest surprise with the trade missing soybean plantings by more than 4 million acres (lower than expected) and corn by 2.2 million acres (higher than expected.
Senior Commodity Analyst – Grain and Oilseeds
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