Thoughts on the Markets

In the end, we will likely see final planted corn acreage between 89.5 and 90 million acres, down from USDA's March 31 estimate of 92.2 million. The national average yield must increase by 2 bushels per acre to offset each million acres that go unplanted, just to maintain stocks at a tight level in the year ahead. As Seen on Farm Futures Daily Email Blast

Soybean prices are consolidating in a relatively tight range around $14. Prices could go $2 either way of current levels in the months ahead depending on perceptions about this year's crop and China's ability to jump-start demand once again. As Seen on Farm Futuers Daily Email Blast