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Farm Futures analyst Bryce Knorr outlines market risks for 2017 crops, including USDA's March 31 planting intentions and grain stocks reports. Farmers were expected to plant a record 90.5 million acres of soybeans, slightly more than corn, which could pressure soybeans or lift corn if confirmed.
The acreage shift between corn and soybeans is a key driver of price direction, so the March 31 reports will set the tone for spring markets.
farmprogress.comBryce Knorr 1Mar 1, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
